International Trade News

EU, China, 15 Others Form Alliance to Settle Trade Disputes (2)

Jan. 24, 2020, 10:00 AM

The European Union and a group of 16 nations that includes China and Brazil are forming an alliance to settle their trade disputes using an appeals and arbitration system at the World Trade Organization to replace temporarily a process stymied by the U.S.

“We will work towards putting in place contingency measures that would allow for appeals of WTO panel reports in disputes among ourselves,” according to the joint declaration posted by the European Commission.

The development marks an advance of the EU’s backup plan for settling international trade disputes now that the WTO appellate body is paralyzed....

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