There is nearly unanimous consent among WTO practitioners and scholars that the remedy of tariff compensation is legally superior, economically more efficient and socially more beneficial than retaliatory suspension of tariff concessions (tariff retaliation). This article argues in favour of a revitalization of tariff compensation. However, under the current regime compensation is a thoroughly unattractive policy instrument for decision makers having to temporarily opt out of a WTO Agreement in reaction to domestic shocks. Hence, tariff compensation is vastly underused. We examine reasons for the relative unattractiveness of this policy instrument and propose a substantial reform agenda of the WTO agreements and the dispute settlement system, so as to make compensation a policy tool of ...
... the plaintiff governments Guatemala, Honduras, and Mexico took no further action after winning t... not retaliating, which, of course, is good news for the violator. Procrastination always pays off:...
... Latin feel, with Spain, Chile and Honduras the opponents. . Spain--2008 European champions an...
... Ambassador to Guatemala, Costa Rica, Honduras, Nicaragua, El Salvador and Panama, with residence...
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