WTO dysfunction
From ihsmarkit.com
The World Trade Organization's (WTO) Appellate Body on 10 December lost its quorum to hear new appeals after the United States vetoed the appointment of new judges. Reforms to the WTO demanded by the US are unlikely to advance during 2020, likely resulting in the growth of alternative dispute resolution pathways. As the World Trade Organization's (WTO) Appellate Body (AB) ceases to function, around 88 trade disputes are very likely to remain unresolved, primarily involving agricultural goods; aluminum, iron, and steel; energy; and raw materials, which are traded by the United States, the European Union, and China. By ...
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