Dual pricing practice and WTO law
Article from: OGEL 3 (2005), in International Law & Regulations / Law of the Sea
Introduction
A major policy issue in the energy sector is "dual pricing", that is a two-tier pricing practice whereby governments of energy-producing and exporting countries keep domestic prices for energy inputs low relative to world or export prices. Dual pricing is of primary importance to energy-endowed countries, since it enables them to support the competitiveness of their industrial sector on the basis of natural comparative advantage. In their quest for structural change, energy-rich countries have pursued the twofold objective of upgrading along the oil value chain (that ...