Demystifying the Prudential Carve-out: A proposal

dc.creatorTrujillo, Samuel
dc.date.accessioned2015-06-09 00:00:00
dc.date.accessioned2022-09-08T13:43:29Z
dc.date.available2015-06-09 00:00:00
dc.date.available2022-09-08T13:43:29Z
dc.date.created2015-06-09 00:00:00
dc.date.created2022-09-08T13:43:29Z
dc.date.issued2015-06-09
dc.identifier10.18601/01236458.n43.05
dc.identifier2346-2078
dc.identifier0123-6458
dc.identifierhttps://bdigital.uexternado.edu.co/handle/001/8003
dc.identifierhttps://doi.org/10.18601/01236458.n43.05
dc.description.abstractThis article explores how the broadest spirited exception in the framework of the World Trade Organization, commonly referred to as the prudential carve-out, could be applied without adding to or diminishing the rights and obligations of WTO Members. It argues that through the customary rules of interpretation of international law, the only standard applicable to the prudential carve out is that of a reasonable means to ends connection. However, this broad standard of review can be enriched by expert knowledge on financial and prudential regulation, given that the form of dispute settlement established in the Annex to Financial Services of the GATS provides a window for dissecting the concept of “prudential”. The AFS requires that an “expert panel” decide on controversies regarding financial and prudential issues, instead of the ordinary “highly qualified” WTO panel. The article draws on principles developed by the disciplines of micro- and macroprudential regulation to exemplify how expert knowledge can guide an otherwise vague standard of review.
dc.languagespa
dc.publisherDepartamento de Derecho Económico
dc.relationhttps://revistas.uexternado.edu.co/index.php/contexto/article/download/4408/4998
dc.relationNúm. 43 , Año 2015
dc.relation208
dc.relation43
dc.relation157
dc.relationCon-texto
dc.relationTreaties
dc.relationwto Covered Agreements
dc.relationwto Agreements under the Marrakesh Agreement Establishing the World Trade Organization, 1867 u.n.t.s. 154 (1994)
dc.relationAgreement on the Application of Sanitary and Phytosanitary Measures, 1867 u.n.t.s. 493 Cited as: sps
dc.relationAgreement on Technical Barriers to Trade, 1868 u.n.t.s.120 Cited as: tbt
dc.relationGeneral Agreement on Trade in Services (gats), 1869 u.n.t.s. 183 Cited as: gats
dc.relationUnderstanding on Rules and Procedures Governing the Settlement of Disputes, 1869 u.n.t.s. 401 Cited as: dsu
dc.relationFree Trade Agreements
dc.relationTrade Promotion Agreement between Canada and Colombia, 21 November 2008 (entered into force 15 August 2011)
dc.relationCited as: Canada-Colombia fta
dc.relationFree Trade Agreement between Canada and the Republic of Honduras, 5 November 2013 (entered into force 1 October 2014)
dc.relationCited as: Canada –Honduras fta
dc.relationFree Trade Agreement between Canada and the Republic of Korea, 22 September 2015 (entered into force 1 January 2015)
dc.relationCited as: Canada-Korea fta
dc.relationAcuerdo de Libre Comercio entre la República de Colombia y la República de Costa Rica, 22 May 2013 (not yet in force)
dc.relationCited as: Costa Rica-Colombia fta
dc.relationFree Trade Agreement between the efta States and the Central American States, June 24 2013 (for efta, Costa Rica, and Panama) (entered into force 19 August 2014 for Costa Rica, Panama and Norway; 29 August 2014 for Liechtenstein and Switzerland; 5 September 2014 for Iceland) Demystifying the Prudential Carve-out: A proposal 199
dc.relationCited as: efta-Central America fta
dc.relationFree Trade Agreement between the Republic of Colombia and the efta States, 25
dc.relationNovember 2008 (entered into force 1 July 2011 for Colombia, Lichtenstein, and Switzerland; 1 September 2014 for Norway; 1 October 2014 for Iceland)
dc.relationCited as: efta-Colombia fta
dc.relationFree Trade Agreement between the efta States and the Republic of Korea, 15 December 2005 (entered into force 1 September 2006 for Norway, Liechtenstein and Switzerland; 1 October 2006 for Iceland)
dc.relationCited as: efta- Korea fta
dc.relationFree Trade Agreement between the efta States and Mexico, 27 November 2000 (entered into force 1 July 2001)
dc.relationCited as: efta-Mexico fta
dc.relationFree Trade Agreement between the efta States and Singapore, 26 June 2002 (entered into forcé 1 January 2003)
dc.relationCited as: efta-Singapore fta
dc.relationTrade Agreement between The European Union and its Member States, of the one part, and Colombia and Peru, of the other part, 26 June 2012 (entered into force 1 August 2013)
dc.relationCited as: eu-Colombia fta
dc.relationFree Trade Agreement between the European Union and the Republic of Korea, 15 October 2009 (entered into force 1 July 2011)
dc.relationCited as: eu-Korea fta
dc.relationFree Trade Agreement between the European Union and Singapore, Negotiations Concluded 17 December 2012 (not yet in force)
dc.relationCited as: eu-Singapore fta
dc.relationAgreement between Japan and Australia for an Economic Partnership, 8 July 2014 (entered into force 15 January 2015)
dc.relationCited as: Japan-Australia epa
dc.relationAgreement between Japan and Mongolia for an Economic Partnership, 10 February 2015 (not yet in force)
dc.relationCited as: Japan-Mongolia epa
dc.relationAgreement between Japan and the Republic of Peru for an Economic Partnership, 31 May 2011 (entered into force 1 March 2012)
dc.relationCited as: Japan-Peru epa
dc.relationAgreement on Free Trade and Economic Partnership between Japan and the Swiss Confederation, 19 Februrary 2009 (entered into force 1 September 2009)
dc.relationCited as: Japan-Switzerland fta
dc.relationTratado de Libre Comercio entre los Estados Unidos Mexicanos y la República de Colombia, 13 June 1994 (entered into force 1 January 1995)
dc.relationCited as: Mexico-Colombia fta
dc.relationNorth American Free Trade Agreement, 17 December 1992 (entered into force 1 January 1994) Cited as: nafta
dc.relationAcuerdo de Libre Comercio entre la República de Colombia y la República de Panamá, 20 September 2013 (not yet in force)
dc.relationCited as: Panama-Colombia fta
dc.relationTrade Promotion Agreement between the United States of America and the Republic of Colombia, 22 November 2006, (entered into force 15 May 2012)
dc.relationCited as: us-Colombia fta
dc.relationFree Trade Agreement between the United States of America and the Republic of Korea, 30 June 2007 (entered into force 15 March 2012)
dc.relationCited as: us- Korea fta
dc.relationTrade Promotion Agreement between the United States of America and the Republic of Panama, 28 June 2007, (entered into force 31 October 2012)
dc.relationCited as: us-Panama fta
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dc.relationStatutes
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dc.relationLey 20.555 (Chile) 2011
dc.relationLey 1328 (Colombia) 2009
dc.relationLey Federal de Protección al Consumidor (Mexico) 1992
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dc.relationDemystifying the Prudential Carve-out: A proposal 201
dc.relationwto Doc, s/fin/w/84 Communication from Ecuador “Proposal for discussing progress in respect of macro-prudential regulation and its relationship with gats rules” (26 June 2012)
dc.relationMultilateral Trade Negotiations in Financial Services
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dc.relationwto Doc, mtn.gns/fin/2 Note on the Meeting of 12-13 July 1990 (10 August 1990)
dc.relationwto Doc, mtn.gns/fin/3 Note on the Meeting of 13-15 September 1990 (16 October 1990)
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dc.relationArgentina — Safeguard Measures on Imports of Footwear (Complaint by European Communities) (1999) wto Doc wt/ds121/ab/r (Appellate Body Report)
dc.relationAustralia — Measures Affecting Importation of Salmon (Complaint by Canada) (1998) wto Doc wt/ds18/ ab/r (Appellate Body Report)
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dc.relationCanada — Certain Measures Concerning Periodicals (Complaint by United States) (1997) wto Doc wt/ds31/ ab/r (Appellate Body Report)
dc.relationCanada — Measures Affecting the Export of Civilian Aircraft (Complaint by Brazil) (1999) wto Doc wt/ ds70/ab/r (Appellate Body Report)
dc.relationCanada — Measures Affecting the Importation of Milk and the Exportation of Dairy Products (Complaint by United
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dc.relationChina — Measures Affecting Trading Rights and Distribution Services for Certain Publications and Audiovisual Entertainment Products (Complaint by United States) (2009) wto Doc wt/ds363/ab/r (Appellate Body Report)
dc.relationEuropean Communities — Regime for the Importation, Sale and Distribution of Bananas (Complaint by Ecuador, Honduras, Guatemala, Mexico, United States) (1997) wto Doc wt/ds27/ab/r (Appellate Body Report)
dc.relationEuropean Communities — Customs Classification of Certain Computer Equipment (Complaint by United States) (1998) wto Doc wt/ds62/ab/r (Appellate Body Report)
dc.relationEuropean Communities — Customs Classification of Frozen Boneless Chicken Cuts (Complaint by Brazil) (2005) wto Doc wt/ds269/ab/r (Appellate Body Report)
dc.relationEuropean Communities — Measures Affecting Asbestos and Products Containing Asbestos (Complaint by Canada) (2001) wto Doc wt/ds135/ab/r (Appellate Body Report)
dc.relationEuropean Communities — Selected Customs Matters (Complaint by United States) (2006) wto Doc wt/ds315/ ab/r (Appellate Body Report)
dc.relationGuatemala — Anti-Dumping Investigation Regarding Portland Cement from Mexico (Complaint by Mexico) (1998), wto Doc wt/ds60/ab/r (Appellate Body Report)
dc.relationIndia — Patent Protection for Pharmaceutical and Agricultural Chemical Products (Complaint by United States) (1997) wto Doc wt/ds50/ab/r (Appellate Body Report)
dc.relationIndia — Quantitative Restrictions on Imports of Agricultural, Textile and Industrial Products (Complaint by United States) (1999) wto Doc wt/ds90/ab/r (Appellate Body Report)
dc.relationJapan — Taxes on Alcoholic Beverages (Complaint European Communities) (1996) wto Doc wt/ds8/ab/r (Appellate Body Report)
dc.relationJapan — Measures Affecting Agricultural Products (Complaint by United States) (1999) wto Doc wt/ds76/ ab/r (Appellate Body Report)
dc.relationKorea — Definitive Safeguard Measure on Imports of Certain Dairy Products (Complaint by European Communities)
dc.relationwto Doc wt/ds98/ab/r (Appellate Body Report)
dc.relationKorea — Measures Affecting Imports of Fresh, Chilled and Frozen Beef (Complaint by United States) (2000) wto Doc wt/ds161/ab/r (Appellate Body Report)
dc.relationUnited States — Anti-Dumping Measures on Certain Hot-Rolled Steel Products from Japan (Complaint by Japan) (2001) wto Doc wt/ds184/ab/r (Appellate Body Report)
dc.relationUnited States — Countervailing Duties on Certain Corrosion-Resistant Carbon Steel Flat Products from Germany (Complaint by European Communities) (2002) wto Doc wt/ds213/ab/r (Appellate Body Report)
dc.relationUnited States — Definitive Safeguard Measures on Imports of Circular Welded Carbon Quality Line Pipe from Korea
dc.relation(Complaint by Korea) (2002) wto Doc wt/ds202/ab/r (Appellate Body Report)
dc.relationUnited States — Final Countervailing Duty Determination with respect to certain Softwood Lumber from Canada (Complaint by Canada) (2004) wto Doc wt/ds257/ab/r (Appellate Body Report)
dc.relationUnited States — Import Prohibition of Certain Shrimp and Shrimp Products (Complaint by India, Malaysia, Pakistan, Thailand) (1998) wto Doc wt/ds58/ab/r (Appellate Body Report)
dc.relationUnited States — Measures Affecting the Cross-Border Supply of Gambling and Betting Services (Complaint by Antigua y Barbuda) (2005) wto Doc wt/ds285/ab/r (Appellate Body Report)
dc.relationUnited States — Measures Concerning the Importation, Marketing and Sale of Tuna and Tuna Products (Complaint
dc.relationby Mexico) (2012) wto Doc wt/ds381/ab/r (Appellate Body Report)
dc.relationUnited States — Standards for Reformulated and Conventional Gasoline (Complaint by Bolivarian Republic of Venezuela) (1996) wto Doc wt/ds2/ab/r (Appellate Body Report)
dc.relationUnited States — Subsidies on Upland Cotton (Complaint by Brazil) (2005) wto Doc wt/ds267/ab/r (Appellate Body Report)
dc.relationUnited States — Sunset Review of Anti-Dumping Duties on Corrosion-Resistant Carbon Steel Flat Products from Japan (Complaint by Japan) (2003) wto Doc wt/ds244/ab/r (Appellate Body Report) wto Panel Reports
dc.relationChina — Certain Measures Affecting Electronic Payment Services (Complaint by United States) (2009) wto Doc wt/ds413/R (Panel Report)
dc.relationChina — Measures Affecting the Protection and Enforcement of Intellectual Property Rights (Complaint by United States) (2009) wto Doc wt/ds362/R (Panel Report)
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dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttp://purl.org/coar/access_right/c_abf2
dc.rightshttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.sourcehttps://revistas.uexternado.edu.co/index.php/contexto/article/view/4408
dc.subjectWorld Trade Organization
dc.subjectGeneral Agreement on Trade in Services
dc.subjectprudential Carve-out
dc.subjectexpert panel
dc.subjectmicro-prudential regulation
dc.subjectmacro-prudential regulation
dc.titleDemystifying the Prudential Carve-out: A proposal
dc.typeArtículo de revista


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