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Global Economics: Trade, Investment and Development




Upcoming Events:

Executive Training Seminar: Rules of Origin in International Trade @ Sala Belvedere, Villa Schifanoia
May 30 @ 11:00 am – Jun 1 @ 5:30 pm

Scientific Organisers:
Bernard Hoekman | European University Institute
Stefano Inama | UNCTAD


Origin is part of our everyday life from the labelling of “made-in” of a product you use or eat to a fashionable dress you wear or a supplied service you watch on Netflix. Yet, despite an extremely regulated society, there are no multilateral rules of origin. This leaves the consumer, business, trade negotiators, regulators and customs officials in a no man’s land. The Agreement on Rules of Origin (ARO) should have filled this gap in the 1990s. Consensus is lacking on the adoption of harmonised rules of origin at the World Trade Organisation (WTO) while hundreds of regional trade agreements (RTA) containing rules of origin provisions have been successfully concluded. Business is moving faster than international negotiations. Initial research shows that firms have managed to comply with rules of origin or cope with the lack of discipline, albeit at a cost.Utilisation rates of free trade agreements (FTAs) are relatively high according to recent findings that will be discussed during this event while compliance remains a costly affair, especially in the case of non-preferential rules of origin. Besides this, existing rules of origin excluding the service component of goods no longer reflect economic realities. A series of questions will be discussed at this seminar: Is the current gap in multilateral rules of origin an anomaly that is worth rectifying? And if so, how can it be rectified? Are the rules of origin contained in RTAs converging towards a viable solution? Are FTAs used effectively by business? How can we measure such utilisation? What could business and trade negotiators do to resume meaningful talks at a multilateral level? How can we reduce the cost of compliance?



Michael Anliker KPMG, Switzerland
Pramila Crivelli Goethe University Frankfurt, Germany
María-Isabel García-Catalán European Commission, Belgium (TBC)
Bernard Hoekman European University Institute, Italy
Stefano Inama UNCTAD, Switzerland
Jonas Kasteng National Board of Trade, Sweden
Darlan F. Martí World Trade Organisation, Switzerland
Roberto Soprano PricewaterhouseCoopers, Belgium



Executive Training Seminar: National Tax Regimes and International Trade Agreements: What Role for WTO and EU Rules? @ Cappella, Villa Schifanoia
Jun 12 @ 9:00 am – Jun 14 @ 2:00 pm

Scientific Organisers:
Bernard Hoekman | European University Institute
Chad P. Bown | Peterson Institute for International Economics

Potential 2017 US corporate tax reform and the August 2016 EU Commission decision demanding Ireland reclaim €13 billion in improper “state aid” from Apple have put the spotlight on relationships between national tax regimes and international trade agreements. This executive training seminar (ETS) provides an exploration of the law and economics of how issues arising through differences in national tax regimes – corporate income taxes, destination based cash-flow tax (DBCFT), border-adjusted tax (BAT), value-added tax (VAT), etc. – are being addressed under international trade agreement provisions, such as the GATT/WTO, as well as the European Union’s rules on state aid. This ETS is targeted at policymakers, practitioners and students of international economic law who have an interest in the law and economics of trade agreements, and their dispute settlement procedures, on domestic tax regimes.

Confirmed Speakers

Michel Anliker | KPMG
Chad P. Bown | Peterson Institute for International Economics
Petros C. Mavroidis | Columbia Law School
Damien Neven | Graduate Institute Geneva
Luca Rubini | University of Birmingham


Details and Programme

WTO Case Law of 2016 @ Sala Europa, Villa Schifanoia
Jun 14 @ 2:00 pm – Jun 15 @ 6:00 pm

This workshop undertakes a yearly analysis of all case law by the adjudicating bodies of the WTO (un-appealed Panel reports as well as Appellate Body reports). The Reporters’ Studies for 2016 will cover a wide range of WTO law ranging from classic trade in goods issues to trade in services. Each of the cases is jointly evaluated by an economist and a lawyer, both well-known experts in the field of trade law and international economics. The Reporters critically review the jurisprudence of WTO adjudicating bodies and evaluate whether the ruling ‘makes sense’ from an economic as well as legal point of view, and if not, whether the problem lies in the interpretation of the law or the law itself. The Studies do not always cover all issues discussed in a case, but they seek to discuss both the procedural and the substantive issues that form the ‘core’ of the dispute.


Programme and Registration here