U.S. seals demise of WTO appeals bench: trade officials

Australia News News

U.S. seals demise of WTO appeals bench: trade officials
Australia Latest News,Australia Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

The fate of the World Trade Organization's top court was effectively sealed...

GENEVA - The fate of the World Trade Organization’s top court was effectively sealed on Monday after the United States said it would not back a proposal to allow it to continue, trade officials said, although the WTO chief vowed to find a solution.

The Appellate Body needs a mininum of three judges to function but the terms of two of the three remaining members of the appeals panel expire on Tuesday and there are no replacements in sight because of the U.S. blocking strategy. Shea said in a speech, the text of which was released by the U.S. mission, that the United States did not support the proposal to start filling Appellate Body positions.

But WTO director-general Roberto Azevedo said that a “well-functioning, impartial and binding dispute settlement system is a core pillar of the WTO system”, adding: “We cannot abandon what must be our priority, namely finding a permanent solution for the Appellate Body.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House Democrats, USTR nearing deal to pass modified USMCA agreement: WSJHouse Democrats, USTR nearing deal to pass modified USMCA agreement: WSJHouse Democrats and U.S. Trade Representative Robert Lighthizer are nearing a de...
Read more »

Dollar bolstered by U.S. jobs data, markets look to trade talksDollar bolstered by U.S. jobs data, markets look to trade talksThe dollar held firm on Monday after data showed surprise strength in the U.S. j...
Read more »

Strong U.S. jobs data supports dollar as market looks to U.S.-China trade dealStrong U.S. jobs data supports dollar as market looks to U.S.-China trade dealThe dollar held firm on Monday after data showed surprise strength in the U.S. j...
Read more »

China's November trade surplus with U.S. at $24.60 billion vs $26.45 billion in OctoberChina's November trade surplus with U.S. at $24.60 billion vs $26.45 billion in OctoberChina's trade surplus with the United States for November stood at $24.60 b...
Read more »



Render Time: 2025-03-05 01:18:16