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International Business Law

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The author stated in International Business Law & Its Environment that the decision of the Dispute Settlement Body ("DSB" or "Body") in the case at hand was based on a calculation of both the United States' and the European Communities' ("EC") political interests. For example, although the EC seemed to have lost every claim it raised against unilateral action permitted by the U.S.' 1974 Trade Act, EC Trade Commissioner Pascal Lamy stated that the decision was "a balanced outcome" and "a victory for the multilateral system" (International Business, p. 357). This reading of the decision as a political document is further supported by the "amorphous" legal analysis used to reach its conclusions.

First, the DSB denied the EC's claim that Section 304 of the Trade Act, which required the United States Trade Representative

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Approximate Word count = 562
Approximate Pages = 2 (250 words per page)

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