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 Trade disputes settlement system facing crisis

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Trade disputes settlement system facing crisis Vide
PostSubject: Trade disputes settlement system facing crisis   Trade disputes settlement system facing crisis Icon_minitimeSun Dec 08, 2019 7:12 pm
The World Trade Organization is facing a crisis in its system for resolving disputes between its members.

It has an appeal "court" that is the final arbiter on such disputes and which is about to become unable to function.

WTO rules say three judges have to hear each case. On 10 December the number goes below that level. Only one will be left. The terms of the other two come to an end, and no replacements have been chosen.

In fact there isn't even a process under way to find any. The reason is that the US has refused to allow the recruitment of new judges.

Other WTO member countries have repeatedly proposed to start a selection procedure. At the end of November more than 100 members called for that but the US alone said no. It's the only country that has objected at any stage during this stand-off.

Trade disputes settlement system facing crisis _110035121_gettyimages-945119430

https://www.bbc.com/news/business-50681431
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