The move comes after the U.S. paralyzed the WTO’s top trade court by freezing the appointment of new judges
Fifteen additional countries, including China, have signed on to create an interim mechanism for resolving global trade disputes that will be modelled on an agreement Canada and the European Union first struck in December.
Friday’s announcement from the World Economic Forum in Davos adds Australia, Brazil, Chile, Colombia, Costa Rica, Guatemala, South Korea, Mexico, New Zealand, Panama, Singapore, Switzerland, China and Uruguay. Though WTO panels continue to issue decisions on trade disputes, the loss of the appellate body prompted concerns that countries would act in bad faith, exercising their right to file appeals even as the forum for hearing them ground to a halt. This practice of “appealing into the void” would throw cases into limbo.
China’s involvement in the interim mechanism is particularly significant for Canada, which is currently pursuing a WTO complaint against Beijing stemming from its decision to block all purchases of Canadian canola. That decision is widely viewed as retaliation for the arrest of Huawei senior executive Meng Wanzhou in Vancouver.
China is not opportunistically taking advantage of the fact that the U.S. is trying to destroy the system
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