Boeing v. Airbus.ppt

Boeing v. Airbus Discussion Section February 9, 2007 Brian Chen Agenda Discuss First Written Case Review Boeing v. Airbus Video Assigned Reading Mock WTO Dispute Resolution First Written Case: Summary Statistics 105 written cases graded Grading standard: “Issue spotter” Overall flow, clarity of language Mean score: 16.93 out of 25 Max: 25 Min: 9 Standard Deviation: 3.06 Adjustments: Add 4 pts to assignments graded by Brian Add 3 pts to assignments graded by Sanny Best Answers will be posted subject to student approval Suggestions Answer question Including all parts Answer question ONLY No need to pontificate When possible, look at both sides When necessary, define unclear terms Structure arguments Facts are your friends Review: Domino’s International Expansion What was the single most important message last week? “We expected cultures to adapt to us, … but we learned that it would be better for us to adapt to the local culture” Doha Round Cutting tariffs on industrial goods and services In 2000, for example, the average tariff rates on non-agricultural products were 4.4% for Canada, 4.5% for the European Union, 4.0% for Japan, and 4.7% for the United States. On agricultural products, however, the average tariffs rates were 22.9% for Canada, 17.3% for the European Union, 18.2% for Japan, and 11% for the United States. Phasing out subsidies Subsidies introduce significant distortions into the production of agricultural products. The net effect is to raise prices to consumers, reduce the volume of agricultural trade, and encourage the overproduction of products that are heavily subsidized (with the government typically buying up the surplus). Reducing antidumping laws WTO rules allow countries to impose antidumping duties on foreign goods that are being sold cheaper than at home, or below their cost of production, when domestic producers can show that they are being harmed. WTO on intellectual property should allow for health protection in poorer nations Rich c