An International Law Response
Chapter 6: Beyond the ASCM: fossil fuel subsidies under accession processes, preferential trade agreements, and prospects for trade law reform
This chapter assesses future opportunities for fossil fuel subsidy disciplines outside the ASCM, commencing with an analysis of the scope of addressing fossil fuels subsidies in WTO accession processes before turning to preferential trade agreements (PTAs) including three representative regional trade agreements: the European Union – Singapore Free Trade Agreement (EU-Singapore FTA); Comprehensive Progressive Trans-Pacific Partnership Agreement (CPTPP); and Transatlantic Trade and Investment Partnership (TTIP). The chapter also considers initiatives for reform of environmentally harmful subsidy rules within the ASCM, including the protracted negotiations on fisheries subsidies, and the background to and prospects of a New Zealand-led initiative to introduce a set of new disciplines on fossil subsidies within the WTO.
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