Trade Review System

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International trade dispute settlement: WTO Appellate Body crisis and the multiparty interim appeal arrangement When disputes arise in international trade, they can be settled with binding rulings under international trade or investment agreements.

Trade Review System

The European Union EU also includes similar dispute settlement provisions in its trade agreements. The United States' blockage of appointments to the WTO Appellate Body, the highest instance of the WTO dispute Trade Review System, plunged the multilateral rules-based trading system into crisis.

The US grievances include questions of delay, judicial over-reach, precedence, and transition rules.

Trade Review System

As the Appellate Body is unable to hear new appeals, no disputes can now be resolved at the highest instance, causing widespread concern in the context of escalating global trade protectionism.

To find a temporary solution to the impasse, the EU and a number of trade partners set up a multiparty interim appeal arbitration arrangement MPIA.

The parties continue to seek resolution of the Appellate Body crisis, and agree to use the MPIA as a second instance as long as the situation continues.

Trade Review System

The recently amended EU Enforcement Regulation also enables swift suspension of obligations under trade agreements while the dispute settlement mechanism is blocked. When disputes arise in international trade, they can be settled with binding rulings under international trade or investment agreements.

Trade Review System