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China, the US, South Africa, Russia, India and Australia will kick in the WTO, so maybe first some EU producer needs to sue that allowing imports in without buying their permits is a discriminatory trade policy. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
It could be something as simple as a side agreement of what method of production restrictions all parties will in fact respect whether or not they are subject to successful challenge with countervailing duties permitted within the WTO.
After all, at its core, the WTO system works on a civil court style system - if a successful complaint is brought, the penalty is that all affected parties can impose countervailing duties. If there are certain circumstances where a large number of countries agree to refrain from imposing those countervailing duties, that de-claws the WTO.
Indeed, the G-77 could get an agreement on a non-toxic next round of the WTO, except within the bounds of that side agreement - and the right agreement could pull in a large swathe of sub-Saharan Africa and South America.
Get a large enough swathe of Sub-Saharan Africa and South America in that side agreement together with the EU, and it might be a tough decision for China to make whether join it and make for effective over-ride of the standing WTO interpretation of its rules that allows "no method of production regulation allowed" to override the dead letter public benefit provisions. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
- Jake Friends come and go. Enemies accumulate.
So that would be deal - in exchange for being permitted market access to the EU for a range of products not presently agreed to in the WTO, in particular agricultural products, the signatories that do not have domestic CO2 regulation up to a certain standard agree to impose a carbon export tax on a range of products, include allowing a technical panel of the agreement set adjustments based on actual production methods in use in the country. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
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