WTO crisis and reform

Elizabeth Truss: WTO should not over-reach
Latest news UK WTO & 3rd countries WTO crisis and reform

Elizabeth Truss: WTO should not over-reach

Britain’s international trade secretary told participants in a webinar hosted by the Peterson Institute for International Economics that the UK would pursuing first and foremost its regulatory sovereignty. That might not come as a surprise. But Elizabeth’s Truss’ statements made today offer a rare full articulation of the latest government …

EU healthcare aims for WTO elicit no enthusiasm at Ottawa Group
Coronavirus response Latest news World Trade Organization WTO crisis and reform

EU healthcare aims for WTO elicit no enthusiasm at Ottawa Group

The European Union tabled a “concept paper” on health to a group of like-minded World Trade Organization members called the Ottawa Group. The EU aims to avoid medical supply shortages as seen during the COVID-19 pandemic in similar situations in future. But it didn’t get the traction it had hoped …

Will the trading system recover from COVID-19?
Coronavirus response Latest news World Trade Organization WTO crisis and reform

Will the trading system recover from COVID-19?

Which way will the already battered trading system go? The COVID-19 pandemic has seen trade restrictions on medical products spread like wildfire as governments seek to maximise availability of scarce goods to their peoples and their medical teams in a beggar-thy-neighbour fashion. As of early May, a group of researchers …

Iceland, Pakistan, Ukraine join MPIA as new arrangement made official at WTO
Latest news WTO crisis and reform WTO dispute settlement

Iceland, Pakistan, Ukraine join MPIA as new arrangement made official at WTO

The official countdown has now started for a new alternative appeals mechanism to start functioning among a subset of World Trade Organization members who decided they’d stand up for their right to enjoy two-level adjudication of disputes. The MPIA, the acronym for the new ‘arrangement’, was announced one month ago …

EU enforcement regulation makes headway to match alternative WTO appeals mechanism
Latest news Regulations WTO crisis and reform

EU enforcement regulation makes headway to match alternative WTO appeals mechanism

Council members agreed to temporarily bury the hatchet on a regulatory proposal tabled by the European Commission that aims to empower it to take ‘retaliatory’ trade measures should a World Trade Organization counterpart block litigation proceedings. The EU is bent on making sure it can continue to use a two-tier …