The study highlights the serious potential of conflicts of WTO/GATS norms between obligations to liberalize capital movements and capital account regulations, and that while soft law may provide helpful guidelines in some cases, it is incapable of resolving such conflicts of norms definitely—whereas precisely such a definite resolution is what is needed for dispute settlement purposes.
How to Make the GATS a Code of Conduct for Capital Controls
VITERBO, Annamaria
2013-01-01
Abstract
The study highlights the serious potential of conflicts of WTO/GATS norms between obligations to liberalize capital movements and capital account regulations, and that while soft law may provide helpful guidelines in some cases, it is incapable of resolving such conflicts of norms definitely—whereas precisely such a definite resolution is what is needed for dispute settlement purposes.
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Pardee-CARs-and-Trade-TF-March2013.pdf
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