EU Seeks to Break U.S. Stranglehold on WTO
Trade ministers from the 28-nation European Union are expected to start the process of negotiating an interim solution if the adjudicative body of the WTO becomes hamstrung, as is expected later this year, according to internal documents seen by Bloomberg. The U.S. is blocking new appointees to the seven-member WTO appellate body, which will lead to it being incapacitated in December because there won’t be enough judges to issue rulings. The EU is seeking to implement an arbitration process that would continue the “essential principles and features’’ of the appellate body, according to the memo.
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