The World Trade Organization may no longer hear trade appeals. That’s a problem
A global legal system handling trade disputes worth many millions of dollars ground to a halt Tuesday. The World Trade Organization Appellate Body, with just one judge left on its seven-member team, can no longer proceed on the 60 or so pending cases, or accept new dispute appeals.
Many analysts considered the panel the legal backbone of the global trade regime. So how did we get to this point? And is there a way to salvage the WTO’s dispute system?
What is dispute settlement?
Trade policy is complex and controversial, which is why the WTO offers members the chance to settle their differences through a formal dispute system.… Seguir leyendo »