UK: Mayer, Brown, Rowe & Maw Reports Increase In Global Trade Protection Cases
Last Updated: 27 May 2003

International legal practice, Mayer, Brown, Rowe & Maw has released its 4th annual Global Trade Protection Report which has found that Global trade protection has again hit record levels in 2002.

The author, Cliff Stevenson who is the chief economist with the EU, Competition & Trade Group produced the report from notifications made by WTO members. Cliff was a former official in the UK DTI during the Uruguay Round of trade negotiations and is Director of the European Trade Practice and Chief Economist. He is also the author of the Global Anti-Dumping Handbook published by Cameron May.

On releasing the report, he said:

"Whilst trade liberalisation resulting from the creation of the WTO has brought clear benefits, ever-growing trade protectionism threatens to offset these gains. This is particularly the case in heavy industries such as steel and chemicals."

He further points out that many existing trade protection measures are not WTO consistent.

"All anti-dumping and safeguard measures that have been considered by WTO panels and the Appellate Body have been found to be WTO inconsistent. The hope for the future is that the tight application of the WTO rules through the WTO disputes process will check this growth in protectionism. Otherwise, this is yet another factor creating global trade tensions that may result in the effective collapse of the WTO system".

For further information, please contact:

Cliff Stevenson, Chief Economist: 020 7334 2041
Angela Woodruff, Media Relations Manager: 020 7782 8804

About Mayer, Brown, Rowe & Maw

  • Mayer, Brown, Rowe & Maw has 13 offices worldwide, including representations in the world's major financial centres; London, Paris, Frankfurt and New York. Mayer, Brown, Rowe & Maw LLP's London office consists of 100 partners, 300 lawyers and a total staff of nearly 600. We deliver multi-jurisdictional advice to the world's leading companies, financial institutions and multinational businesses.
  • The firm's Global Trade Practice includes Mickey Kantor, former United States Trade Representative and Secretary of Commerce, and Peter Scher, former US Special Trade Negotiator.
  • Mayer, Brown, Rowe & Maw is a combination of Mayer, Brown, Rowe & Maw LLP (an English limited liability partnership) and Mayer, Brown, Rowe & Maw (a US general partnership).

 

 

 

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