Source: Philip Blenkinsop, REUTERS, 3/27/20

The European Union, China and 14 other World Trade Organization members agreed on Friday on a temporary mechanism to resolve trade disputes after U.S. action rendered the WTO incapable of acting as the arbiter of global trade. Washington froze the WTO’s Appellate Body, which acts as a supreme court for international trade, by blocking appointments for over two years. Two of the body’s remaining three members came to the end of their terms in December, leaving it unable to issue rulings.

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