The U.S. has three to four top-tier WTO law firms and about a dozen other law firms that have WTO practices.
Waves of Chinese lawyers who received law degrees in the U.S. come back with understanding of WTO law and different legal systems, said Xiao Jinquan, a partner at Dacheng Law Offices and director of the commerce and corporate committee on the All China Lawyers Association.
Still, it is important for China to have a stronger cadre of Chinese WTO lawyers and law firms.
Since WTO cases often challenge Chinese law, Chinese lawyers are often best equipped to defend Chinese law to the rest of the world, as they are inculcated in the domestic legal system and culture, said Xiao.
There are just three to four Chinese law firms equipped to handle WTO disputes, based on various lawyers' estimates.
For all the welcome provisions and guarantees of WTO membership, the complexities of a law like the FCPA applied to a business culture like Russia can inculpate even the best-intentioned corporate venture.
FORBES: For U.S. Businesses, Russia Means Immense Opportunity -- and Immense Exposure
"Neither WTO not GATT has direct effect in EU law", nor is the Common Agricultural Policy relevant.
Chinese lawyers can play a role in explaining Chinese law that is understandable by the WTO panel.
Chinese law schools are funneling students through WTO academic programs, and the government has been eager to foster WTO expertise.
Beijing's main goal is to win, so it has hired seasoned foreign law firms to handle its major WTO cases thus far, and used Chinese lawyers to assist them, lawyers and scholars say.
Last week, the WTO upheld the EU's case against a 1916 law that allows American firms to sue for compensation from foreign rivals that sell below cost.
The World Trade Organisation (WTO) last year declared the loophole in breach of international copyright law.
WTO, without which trade disputes might be settled by clout and not the law.
WTO's anti-dumping code, nor indeed in American or European law.
To the extent that unions and domestic industries want to continue to use the CVD law against imports from China and not violate U.S. WTO obligations, granting China a market economy designation solves the impasse.
FORBES: President Obama's Chance to Fix Deteriorating Economic Relations with China
Despite the calls in Washington for some sort of sanctions, Mr Bush is still backing Russia's bid to join the WTO because he believes that having to live by its rules will strengthen the rule of law in Russia.
ECONOMIST: Candid words on Russia's drift from democracy | The
In 2005 the trade body ruled that the law unfairly discriminated against foreign companies despite the US saying that it never intended its commitments to the WTO to mean that it would allow the practice.
应用推荐