Economics
EU Seeks to Break U.S. Stranglehold on WTO
- The U.S. has a strangle hold on the WTO’s appellate body
- The EU will seek an interim solution in case of gridlock
Photographer: Fabrice Coffrini/AFP via Getty Images
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The European Union on Monday will take steps to get around a stranglehold the U.S. has placed on the World Trade Organization’s appellate body, which would allow countries to continue to adjudicate disputes within the international system.
Trade ministers from the 28-nation European Union are expected to start the process of negotiating an interim solution if the adjudicative body of the WTO becomes hamstrung, as is expected later this year, according to internal documents seen by Bloomberg.