Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

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

Published 10/12/2019, 03:00 am
Updated 10/12/2019, 03:07 am
U.S. seals demise of WTO appeals bench - trade officials

By Stephanie Nebehay

GENEVA, Dec 9 (Reuters) - 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.

The Trump administration has been blocking appointments to the WTO's seven-member Appellate Body that rules on trade disputes for over two years, with U.S. officials saying the court had gone beyond its remit. 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.

Another attempt was made on Monday to reach a consensus on laying down arrangements for filling the vacancies, as well as obliging the appeals panel to issue rulings within 90 days.

But the U.S. ambassador to the WTO, Dennis Shea, said other members had not addressed Washington's concerns about what he called the court's "overreach" and "disregard" of WTO rules.

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.

Much of the U.S. displeasure stems from how the WTO has tied its hands in dealing with China. In binding rulings, WTO judges have given Beijing the benefit of the doubt on subsidies and rejected Washington's treatment of dumping.

One Asian ambassador told Reuters: "The United States said it can't join a consensus. We'll be writing the obituaries."

João Aguiar Machado, the European Union's ambassador, put the blame squarely on Washington.

"In two days from now, we will have an unprecedented situation in the World Trade Organization, which will no longer be able to deliver binding resolution of trade disputes and will no longer guarantee the right to appeal review," Machado said.

"The actions of one member will deprive other members of their right to a binding and two-step dispute settlement system, even though this right is specifically envisaged in the WTO contract," he said.

The EU would continue supporting efforts to unblock Appellate Body appointments while preparing its own contingency measures, Machado said.

The EU has already reached agreements with Canada and Norway to subject any appeals to ad hoc adjudication by former Appellate Body members.

Canada, Australia and China were among delegations still to speak on Monday, trade officials said.

David Walker, New Zealand's ambassador who chairs the WTO's committee on dispute settlement, proposed to WTO members last week that the Appellate Body should at least be allowed to conclude four cases that have already had hearings.

Ten pending appeals would be left in limbo, along with a 100 or so more further back in the system.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.