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Countering Commodity Trade Mispricing in Low-Income Countries: A Prescriptive Approach
Journal of International Economic Law ( IF 3.160 ) Pub Date : 2022-08-30 , DOI: 10.1093/jiel/jgac030
Irene Musselli , Elisabeth Bürgi Bonanomi

Commodity trade mispricing, especially the undervaluation of commodity exports, disproportionately harms low-income countries that depend on commodity exports for most of their export earnings. Such countries should (re)consider adopting rule-based pricing methods as a prescriptive alternative to transaction-based valuation systems. This article firmly grounds rule-based pricing in market parameters. It calls for a hybrid form of market-based price regulation in the framework of public–private models of supply chain governance, also integrating advice from independent experts. This article addresses this policy option within the parameters set by international law, considering state regulatory scope under international trade and tax law. It challenges the popular objection that prescriptive pricing methods breach international trade and tax rules. Instead, it emphasizes the complexity of any such legal assessment under international economic law.

中文翻译:

打击低收入国家的商品贸易定价错误:一种规范性方法

商品贸易定价错误,尤其是商品出口低估,严重损害了大部分出口收入依赖商品出口的低收入国家。这些国家应(重新)考虑采用基于规则的定价方法作为基于交易的估值系统的规定性替代方案。本文为市场参数中基于规则的定价奠定了坚实的基础。它呼吁在供应链治理的公私模式框架内采用混合形式的基于市场的价格监管,同时整合独立专家的建议。本文在国际法设定的参数范围内讨论了这一政策选项,并考虑了国际贸易和税法下的国家监管范围。它挑战了普遍的反对意见,即规定性定价方法违反了国际贸易和税收规则。
更新日期:2022-08-30
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