UK Embraces New WTO Dispute Resolution Mechanism Amid Global Trade Tensions
4 Articles
4 Articles
The WTO is to regulate global trade and remove barriers, but the dispute settlement is no longer working. Now there is a new idea – but it is still at the very beginning.
UK Embraces New WTO Dispute Resolution Mechanism Amid Global Trade Tensions
UK Embraces New WTO Dispute Resolution Mechanism Amid Global Trade Tensions The United Kingdom has announced its decision to join an alternate mechanism for trade dispute resolution, the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), as confirmed in a statement released on Wednesday. This strategic move comes in response to the World Trade Organization's (WTO) appeals body remaining inactive since 2019.Following actions by former U.S…
Britain breaks ranks with Trump in bid to revive WTO
LONDON — Britain has confirmed plans to join an international trade dispute system — a move that risks riling up its U.S. allies, while bringing Britain closer to the EU. Ministers announced on Wednesday night that the U.K. would sign up to the World Trade Organization’s Multi-Party Interim Appeal Arbitration Arrangement (MPIA). The mechanism was set up in 2019 as an alternative to the WTO’s appeals court, the Appellate Body, which has been para…
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