USTR issues critical report on WTO Appellate BodyWASHINGTON (Reuters) – The U.S. Trade Representative’s office on Tuesday published its first comprehensive report on the World Trade Organization’s Appellate Body, criticizing what it called the body’s “persistent overreaching” and failure to comply with WTO rules.
USTR said the proper functioning of the Appellate Body had a disproportionate impact on the United States since more than one-quarter of all cases involved challenges to U.S. laws and other measures.
Washington, whose blocking of the appointment of new judges essentially shut down the Appellate Body in December, said WTO members need to address the underlying problems to ensure a lasting reform of the dispute settlement system of the WTO.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
