Stiglitz urges joint EU-China trade sanctions against the US on climate change

General, Regulation - EurActiv - Key Takeaway: *Twenty years ago, the US successfully brought a case against Thailand at the WTO, saying the East Asian country violated the CITES convention on endangered species by allowing turtle-unfriendly fishing nets for catching shrimp. “The US said, ‘We have the right to bloc all Thai shrimp imports because of the violation of the CITES agreement,” Stiglitz explained. The WTO upheld the US decision in the landmark Shrimp-Turtle case, adding however that any import restrictions must apply uniformly to all countries violating the agreement, not just Thailand. According to Stiglitz, the case set a legal precedent that lays the foundation for future climate-related trade restriction measures consistent with WTO rules.

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