💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

WTO appeals judges to stay on to complete several decisions: WTO official

Published 12/12/2019, 07:45 AM
Updated 12/12/2019, 07:51 AM
WTO appeals judges to stay on to complete several decisions: WTO official

GENEVA (Reuters) - World Trade Organization (WTO) judges will complete decisions on three pending appeals for which hearings have been held - despite the collapse of the Appellate Body earlier this week - a WTO official said on Thursday.

The two judges whose terms expired on Tuesday, Thomas Graham and Ujal Singh Bhatia, have sent a letter to New Zealand's ambassador David Walker, chairman of the Dispute Settlement Body (DSB), setting out the plan, the WTO official said. The term of Hong Zhao, the third remaining judge, expires in November 2020.

The letter has yet to be circulated as a WTO official document but was expected to be posted soon.

The fate of the WTO'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 Roberto Azevedo vowed to find a solution.

For more than two years, the Trump administration blocked new appointments to the top body that rules on trade disputes as existing judges' terms have expired, which meant that after Dec. 10 it had too few members to take on new cases.

Walker proposed to WTO members last week that the Appellate Body should be allowed to conclude three cases that have already had hearings. A further 10 pending appeals are to be left in limbo.

The three appeals are a combined case on Australia's plain packaging for tobacco products, one on Russian measures to limit imports of railway equipment filed by Ukraine, and another concerning U.S. anti-subsidy duties on paper from Canada.

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.