WTO, NAFTA and International Judicial Abstention
Last month the WTO issued a decision (available here) in favor of the United States regarding the illegality of Mexico's beverage tax. According to the USTR press release, under the Mexican tax, "soft drinks made with imported sweeteners, such as high-fructose corn syrup (HFCS) and beet sugar, are subject to a 20 percent tax on their sale and distribution. Beverages...