The European Centre for International Political Economy has published a paper, saying that, as the US maintains its block on appointments of new members to the Appellate Body, there is growing concern about the pending incapacitation of the dispute settlement function of the WTO. If the WTO can no longer offer effective dispute resolution, some argue, there is a risk that the whole WTO system of rules will collapse. The paper concludes that the best way forward is for WTO members to pursue constructive and inclusive co-operation in order restore trust in the trade rules and in the good faith of other members.
THE US AND THE WTO
Meanwhile, on 13th December the House of Commons Library published a briefing paper which explores what is happening in the WTO in 2018, and how this relates to the current US administration’s trade policy. This briefing paper explores these issues, and considers what consequences they might have for a post-Brexit UK.