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Todd N. Tucker Profile picture
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20 May, 4 tweets, 1 min read
Welcome to 21st century foreign investment protection policy. The left doesn't like tools like ISDS, but the beneficiaries of investment protection efforts will increasingly be green industries, which the left likes and wishes to be politically stronger.
bloomberg.com/news/articles/…
To be clear, ISDS is not mentioned here. But we know from the last decade of ISDS cases in Europe that a lot of disputes are related to governments making clean energy schemes less generous to producers.
To be even more clear, I count myself as implicated in this particular uncomfortable tension.
Here's more background, and how the bar is seeing renewable energy as next source of isds claims
ibanet.org/article/A3E8AB…

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More from @toddntucker

Todd N. Tucker Profile picture
5 May
Further evidence that the constituency for trade policy is changing.
And USTR is changing.

Their first statement under Biden was on racial equity.
Their first annual trade policy report explicitly laid out their metric of success is not low prices, but high wages.
Read 17 tweets
Todd N. Tucker Profile picture
16 Mar
Keynes throwing shade at Cordell Hull over what would become the GATT is a delight
cambridge.org/core/books/gen…
There's the invisible hand, the visible hand, and the moribund hand of MFN
He saw the liberal era as a vindication for national economic planning
Read 4 tweets
Todd N. Tucker Profile picture
16 Mar
Thirteen senators call on Biden to temporarily suspend Buy American waivers for trade agreement partners, noting "this crisis has demonstrated the risks of long foreign supply chains."

Baldwin and Brown joined by Sanders, Warren, Markey, others.
wispolitics.com/2021/u-s-sen-b…
This presidential discretion is built into the Trade Agreements Act of 1979, which greenlit the waivers in the first place. No statutory change needed.
law.cornell.edu/uscode/text/19…
While some will bemoan the symbolism of closing procurement opportunities for allies, the reality is that: a) there doesn't appear to much uptake of this anyway; and
gao.gov/products/gao-1…
Read 4 tweets
Todd N. Tucker Profile picture
15 Mar
The Trump and Biden administrations have significantly expanded export controls, which prohibit the unlicensed export of certain products or information.

Biden has also called for modernization of international trade rules.

These could be connected.

bloomberg.com/news/articles/…
The 1947 General Agreement on Tariffs and Trade has a pretty sweeping obligation for countries to not restrict exports.
wto.org/english/docs_e…
But the GATT also has a pretty sweeping national security exception.
Read 15 tweets
Todd N. Tucker Profile picture
14 Mar
Barbados to remove Queen Elizabeth as head of state. Observers watching to see if Jamaica may follow.

Last country to do so was Mauritius in 1992.

Oprah's most consequential interview?

Ht @PorterMcConnell bbc.com/news/world-lat…
(Yes, as people have noted, this article is old.)
Also from Sept. 2020, here's a note on Jamaica contemplating same, after a debate in 2016 around deplatforming her as Jamaican head of state.
express.co.uk/news/royal/133…
Read 4 tweets
Todd N. Tucker Profile picture
5 Mar
Helpful @climatestrat study on the WTO implications of fossil fuel subsidies from 2017 by @cleoverk @harrovanasselt Tom Moerenhout @Liesbeth_C87 @PWooders. Thread
climatestrategies.org/publication/ta…
The tl;dr is that

the WTO is generally an anti-subsidy machine,

there are a bunch of types of fossil fuel subsidies,

but it is not a slam dunk that any of them violate WTO rules.
This is because schemes subsidize consumption rather than production, and all else equal the WTO rules are more concerned with the latter.
Read 26 tweets

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