Demystifying the Prudential Carve-out: A proposal

This 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 int...

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Autores:: Trujillo, Samuel

Tipo de recurso:: Article of journal

Fecha de publicación:: 2015

Institución:: Universidad Externado de Colombia

Repositorio:: Biblioteca Digital Universidad Externado de Colombia

Idioma:: spa

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oai_identifier_str	oai:bdigital.uexternado.edu.co:001/8003
network_acronym_str	uexternad2
network_name_str	Biblioteca Digital Universidad Externado de Colombia
repository_id_str
dc.title.spa.fl_str_mv	Demystifying the Prudential Carve-out: A proposal
dc.title.translated.eng.fl_str_mv	Demystifying the Prudential Carve-out: A proposal
title	Demystifying the Prudential Carve-out: A proposal
spellingShingle	Demystifying the Prudential Carve-out: A proposal World Trade Organization General Agreement on Trade in Services prudential Carve-out expert panel micro-prudential regulation macro-prudential regulation
title_short	Demystifying the Prudential Carve-out: A proposal
title_full	Demystifying the Prudential Carve-out: A proposal
title_fullStr	Demystifying the Prudential Carve-out: A proposal
title_full_unstemmed	Demystifying the Prudential Carve-out: A proposal
title_sort	Demystifying the Prudential Carve-out: A proposal
dc.creator.fl_str_mv	Trujillo, Samuel
dc.contributor.author.spa.fl_str_mv	Trujillo, Samuel
dc.subject.spa.fl_str_mv	World Trade Organization General Agreement on Trade in Services prudential Carve-out expert panel micro-prudential regulation macro-prudential regulation
topic	World Trade Organization General Agreement on Trade in Services prudential Carve-out expert panel micro-prudential regulation macro-prudential regulation
description	This 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.
publishDate	2015
dc.date.accessioned.none.fl_str_mv	2015-06-09 00:00:00 2022-09-08T13:43:29Z
dc.date.available.none.fl_str_mv	2015-06-09 00:00:00 2022-09-08T13:43:29Z
dc.date.issued.none.fl_str_mv	2015-06-09
dc.type.spa.fl_str_mv	Artículo de revista
dc.type.coar.fl_str_mv	http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv	http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_6501
dc.type.coarversion.spa.fl_str_mv	http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.content.spa.fl_str_mv	Text
dc.type.driver.spa.fl_str_mv	info:eu-repo/semantics/article
dc.type.local.eng.fl_str_mv	Journal article
dc.type.redcol.spa.fl_str_mv	http://purl.org/redcol/resource_type/ARTREF
dc.type.version.spa.fl_str_mv	info:eu-repo/semantics/publishedVersion
format	http://purl.org/coar/resource_type/c_6501
status_str	publishedVersion
dc.identifier.doi.none.fl_str_mv	10.18601/01236458.n43.05
dc.identifier.eissn.none.fl_str_mv	2346-2078
dc.identifier.issn.none.fl_str_mv	0123-6458
dc.identifier.uri.none.fl_str_mv	https://bdigital.uexternado.edu.co/handle/001/8003
dc.identifier.url.none.fl_str_mv	https://doi.org/10.18601/01236458.n43.05
identifier_str_mv	10.18601/01236458.n43.05 2346-2078 0123-6458
url	https://bdigital.uexternado.edu.co/handle/001/8003 https://doi.org/10.18601/01236458.n43.05
dc.language.iso.spa.fl_str_mv	spa
language	spa
dc.relation.bitstream.none.fl_str_mv	https://revistas.uexternado.edu.co/index.php/contexto/article/download/4408/4998
dc.relation.citationedition.spa.fl_str_mv	Núm. 43 , Año 2015
dc.relation.citationendpage.none.fl_str_mv	208
dc.relation.citationissue.spa.fl_str_mv	43
dc.relation.citationstartpage.none.fl_str_mv	157
dc.relation.ispartofjournal.spa.fl_str_mv	Con-texto
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spelling	Trujillo, Samuel1caf005b-716e-440c-b383-f8086074b6792015-06-09 00:00:002022-09-08T13:43:29Z2015-06-09 00:00:002022-09-08T13:43:29Z2015-06-09This 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.application/pdf10.18601/01236458.n43.052346-20780123-6458https://bdigital.uexternado.edu.co/handle/001/8003https://doi.org/10.18601/01236458.n43.05spaDepartamento de Derecho Económicohttps://revistas.uexternado.edu.co/index.php/contexto/article/download/4408/4998Núm. 43 , Año 201520843157Con-textoTreatieswto Covered Agreementswto Agreements under the Marrakesh Agreement Establishing the World Trade Organization, 1867 u.n.t.s. 154 (1994)Agreement on the Application of Sanitary and Phytosanitary Measures, 1867 u.n.t.s. 493 Cited as: spsAgreement on Technical Barriers to Trade, 1868 u.n.t.s.120 Cited as: tbtGeneral Agreement on Trade in Services (gats), 1869 u.n.t.s. 183 Cited as: gatsUnderstanding on Rules and Procedures Governing the Settlement of Disputes, 1869 u.n.t.s. 401 Cited as: dsuFree Trade AgreementsTrade Promotion Agreement between Canada and Colombia, 21 November 2008 (entered into force 15 August 2011)Cited as: Canada-Colombia ftaFree Trade Agreement between Canada and the Republic of Honduras, 5 November 2013 (entered into force 1 October 2014)Cited as: Canada –Honduras ftaFree Trade Agreement between Canada and the Republic of Korea, 22 September 2015 (entered into force 1 January 2015)Cited as: Canada-Korea ftaAcuerdo de Libre Comercio entre la República de Colombia y la República de Costa Rica, 22 May 2013 (not yet in force)Cited as: Costa Rica-Colombia ftaFree 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; 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Demystifying the Prudential Carve-out: A proposal

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