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Part III Substantive Law, Ch.17 Trade in Goods

Ricardo Ramírez-Hernández

From: The Oxford Handbook of International Trade Law (2e) (2nd Edition)

Edited By: Daniel Bethlehem, Donald McRae, Rodney Neufeld, Isabelle Van Damme

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 16 July 2024

Rules of origin — Tariffs

As international trade became more sophisticated, the ‘traditional’ trade in goods topics seemed to be entering an extinction phase and be substituted by other forms of trade regulation, such as technical barriers or sanitary measures. However, in recent years and for different reasons, many of them reclaimed their relevance. This chapter also discusses an essential tool for the operation of trade in goods, which is tariff classification, as well as an often overlooked but fundamental issue in trade in goods regulation, which are the rules of origin. Global value chain operations could not be conceived without rules of origin. Finally, the COVID 19 pandemic revealed how vulnerable international trade could be to import and export restrictions, such as quotas or licences, and how important trade facilitation could be to bolster trade and even to save lives.

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