The European Union (EU), China and other World Trade Organization (WTO) members on Wednesday (December 12) delivered a joint statement, emphasizing the urgent need to unblock the appointment of WTO Appellate Body members.


Photo taken on April 4, 2018 shows the World Trade Organization (WTO) headquarters in Geneva, Switzerland. (Photo: Xinhua)

|  

In a meeting of the WTO General Council, those members demonstrated their deep concern that "continued vacancies in the Appellate Body present a risk to the WTO as a whole."

While reaffirming their commitment to the rules-based multilateral trading system, they underscored the dispute settlement system as a central pillar of the WTO.

"Such a system is also essential in building confidence amongst members in the negotiating pillar," said the statement.

The Appellate Body functions as the WTO's de facto court of appeals and is composed of seven members. However, only four of the seven members are in office since Washington has refused to initiate the process to fill vacancies.

In November, a dozen of WTO members, including China and the EU, have submitted two joint proposals on the reform of the WTO's dispute settlement mechanism.

The first proposal gives proper solutions to transitional rules of outgoing Appellate Body members, and the second strengthens the independence of the Appellate Body, increases its efficiency and capability and proposes to automatically launch its selection process.

In Wednesday's statement, the members took note of the concerns about the functioning of the dispute settlement system, saying that they are "ready to work on solutions, while preserving the essential features of the system and of its Appellate Body."

Underlining their commitment to engaging in discussions on "substantive rules" of the Appellate Body, they called on interested members to advance ideas on how to take this process forward.

 

                Source: NDO

Related Topics


Removing “bottlenecks” in global problems

The Foreign Ministers’ Meeting of the world’s leading developed and emerging economies (G20) recently held in Rio de Janeiro, Brazil emphasised the need to reform global governance institutions, especially the United Nations Security Council. The meeting is also an opportunity for G20 to find solutions to a series of hot issues facing the world, such as poverty, climate change, and conflict.

ASEAN FMs issue statement on maintaining, promoting stability in maritime sphere in Southeast Asia

The Association of Southeast Asian Nations (ASEAN) Foreign Ministers on December 30 issued a statement on maintaining and promoting stability in the maritime sphere in Southeast Asia.

Optimistic signals of the world economy

The world economy has overcome a challenging year, but has proven more resilient than expected. The Financial Times (UK) commented that 2023 was a positive year for the world economy as the economic surprise index collated by Citigroup shew that actual data have underwhelmed economists’ predictions for much of the past months. These economic trends are the basis for optimism about the world economy in 2024.

Laos announces theme, logo of ASEAN Chairmanship 2024

Laos has announced the theme and logo for its the Chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2024.

Vietnam elected Vice President of UNESCO General Conference

Vietnam was elected a Vice President of the 42nd session of the UNESCO’s General Conference, representing the Asia-Pacific, on November 8.

Safe and responsible use of AI promoted

Since the "blockbuster" ChatGPT was launched a year ago, the prospects for the development of artificial intelligence (AI), as well as concerns about the risks from this technology, have become hot topics in the technology world.