In the third issue of the journal "St Petersburg University Journal of Economic Studies" two publications were published, in the preparation of which employees of the Department of World Economy took part.
1. Jovanović M., Koval A., Lomagin N., Lukyanov F., Sutyrin S., Trofimenko O. and Wang G. "Peace as a natural effect of trade: A potentia ad actum", St Petersburg University Journal of Economic Studies, № 39 (3), pp. 289–306. https://doi.org/10.21638/spbu05.2023.301
Initial idea to focus a plenary panel of 19th International Conference “Evolution of International Trading System: Prospects and Challenges” held in St. Petersburg State University on March 17th–19th 2022 on the issue of interaction between political and trade dimensions of international cooperation came to the organizers as early as mid-2021. Substantial escalation of the geopolitical tension by Spring 2022, on the one hand, made the selected topic much more relevant, on the other hand additionally limited the list of potential discussants. Nevertheless, despite of this obstacle programme committee managed to arrange the international team of experts giving their answers to the questions asked by moderators. The questions included necessity and possibility for the radical reassessment of the perception traditionally prevailing among social scientists. According to this perception expansion of trade has the positive impact on political relations between trading partners. Another topical issue deals with possible repercussions of economic sanctions actively imposed by some members of international community. The experts also discussed the motives behind decisions made by many foreign companies to exit from the Russian market. At the final stage of the panel its participants expressed their views on the prospects of the global governance system reforming.
2. Wang R. and Popova L. "International trade disputes related to fish products and Agreement on Fisheries Subsidies: Key regulatory issues and litigation outlook", St Petersburg University Journal of Economic Studies, № 39 (3), pp. 307–327. https://doi.org/10.21638/spbu05.2023.302
Fish-related trade disputes dealt with by the World Trade Organization (WTO) arise from the complexity of the fisheries industry, and the transboundary nature of fish, combined with differing national policies and interests. The Agreement on Fisheries Subsidies (AFS) aims to strengthen the role of the WTO in regulating the fish trade and curbing unsustainable fishing practices such as illegal fishing, overcapacity, and overfishing by limiting excessive fisheries subsidies. This article reveals the legal framework of the WTO to regulate the fish trade and resolve trade disputes and outlines the prospects for fish trade in light of the Agreement on Fisheries Subsidies (AFS). It has been established that general principles, quantitative restrictions, and anti-dumping measures, rather than subsidies, are the most common legal issues in trade disputes on fish products. Technical trade barriers, sanitary and phytosanitary measures, and general national exemptions are also frequent sources of disputes in the fish trade. These measures, designed for safety, health, and environmental reasons, are increasingly used for protectionist purposes by creating trade barriers. The AFS expands the legal framework for resolving trade disputes in the field of fish trade after its ratification. However, this recent international regulation combined with climate change and tightening food standards, is expected to lead to more disputes with developing countries over the fish trade.
Read more here: https://economicsjournal.spbu.ru/issue/view/841