As the question arises, here is a ‘basic facts’ 🧵 on the EU law on ‘Revoking Russian WTO Most Favored Nation (MFN) status’ - what are the applicable provisions and how do they operate?

https://twitter.com/vonderleyen/status/1502323425817333769?s=20&t=hBrBddxmMpCP8gIc4ErbPg

For starters, what is it that ought to be achieved? @vonderleyen announcement gives two indications:

(1) “we will deny Russia the status of MFN in our markets”, and
(2) “we will prohibit the import of key goods in the iron and steel sector from the Russian Federation”

Thx to @Tim_L_Meyer for his thoughtful & honest response to my critique of @ChrisCoons & @RepScottPeters carbon border adjustment bill. Genuine debate is what US America needs & allows me to elaborate on why the C/P bill - & Tim - are wrong on law, politics & policy. A 🧵

https://twitter.com/Tim_L_Meyer/status/1422954693605662726

First, and fundamentally, the professor and I disagree on the target of my critique. The core problem w the C/P bill isn’t the lack of a US carbon tax or a cap & trade scheme (an explicit price for carbon). The problem w the proposed policy is that it...

https://twitter.com/Tim_L_Meyer/status/1422955542469828609?s=20

Carbon border adjustment (CBA) corner:

After the release of the @EU_Commission's #CBAM proposal, Dem Congressmen Coons & Peters tabled a US CBA bill proposal that is so flawed that if adopted could irreparably poison transatlantic cooperation on carbon leakage & CC mitigation 🧵

https://twitter.com/toddntucker/status/1417239937712332803

In contrast to @toddntucker’s more than charitable reading of the Dem proposal, I argue that the bill

1⃣would do close to nothing to combat carbon leakage
2⃣would not stand the slightest chance of surviving the WTO legal test

https://twitter.com/toddntucker/status/1417250011667181569?s=20

Some thoughts on the #EUTradeReview Annex on WTO reform that was released yesterday by @trade_eu. 🧵 bit.ly/2Ncrt4o

It reflects EU global governance leadership in action, quite clearly occupying large parts of the space the Trump administration has relinquished. 1/14 It's a sincere and pragmatic initiative aimed at tackling reform pressures that have built up since the collapse of the Doha Round until the demise of the AB, with an increasingly bold European signature. 2/14

RCEP makes the headlines today, creating much furor as ‘historic, ‘the largest existing FTA’ and ‘China-led’.

RCEPs signature is historic, but for reasons other than one may think. In essence: RCEP should be welcomed, not feared by competitors in Europe and Asia.

A thread. 1/n

https://twitter.com/CoppetainPU/status/1327913326056263680

A little known fact, RCEP is built on 5 ASEAN centred FTAs.

Their analysis tells us much about the limits and potential of RCEP itself. Those FTAs are:

ASEAN
ASEAN – China
ASEAN – Korea
ASEAN – Japan
ASEAN – Australia / New Zealand

2/n