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The EU has now appealed this ruling (good luck with that, EU, since the WTO Appellate Body loses its quorum on Tuesday. Or is it Wednesday?).

The document WT/DS316/RW2 will be available in a few days. Full information on this case is here wto.org/english/tratop…

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Meanwhile, the US’s WTO-authorised tariffs on Scotch whisky, cashmere knitwear, cheese, wine remain in place in retaliation for the failure to comply with the original ruling.

More here👇🏽:

2/2
P.S. the list of US tariffs in retaliation is now here: ustr.gov/sites/default/…
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More from @CoppetainPU see all

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Peter Ungphakorn
@CoppetainPU
The WTO crisis comes to a head this week. We're going to see more like this:

"It could also signal the end of the [WTO] itself, since the system for settling disputes has long been its most effective part." @nytimes no less. (@AnaSwanson)

It's wrong 1/5

nytimes.com/2019/12/08/bus…
First: settling disputes is not, and never has been, the WTO's most effective part.

A large part of WTO work keeps international trade flowing smoothly within WTO rules through transparency (notifications) and talking (regular meetings).

A tiny, tiny part is legal disputes

2/5
Appeals are vital for dispute settlement, and dispute settlement is vital for WTO work.

But other work is also vital. Raising concerns in regular committees helps avoid disputes.

For more, see this👇🏽, and other comments in the thread.



3/5
Read 6 tweets
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Peter Ungphakorn
@CoppetainPU
One gone, 13 left.

Morocco has withdrawn its appeal in a WTO dispute brought by Turkey over Moroccan anti-dumping action against its steel.

Morocco said it still considers the legal arguments of the 1st-stage dispute panel to be flawed, but …

wto.org/english/tratop…

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… but, said Morocco, the anti-dumping measure have expired, rendering the panel's legal interpretations moot.

"Consequently, and in light of the heavy workload of the Appellate Body, Morocco has decided to withdraw the appeal."

docs.wto.org/dol2fe/Pages/S…

2/3 Screenshot of the top part of the linked document
This leaves 13 on-going appeals, days before the Appellate Body loses two of its three remaining judges and its quorum to consider appeals, on December 10.

3/3
wto.org/english/tratop…
Read 3 tweets
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Peter Ungphakorn
@CoppetainPU
The first-stage ruling in this dispute found that Australia’s investigation (into whether Indonesia “dumped” A4 paper) was flawed—in particular the technical calculation of what the “normal price” would be.

Dumping is when the price of an import is lower than “normal”

1/3
WTO rules allow countries to raise tariffs against “dumped” products, to offset how much lower than the “normal price” are the prices of the imported goods (the “dumping margin”).

Full details of the legal dispute are here: wto.org/english/tratop…

2/3
And here’s more technical detail on dumping:

wto.org/english/tratop…

3/3 Screenshot of the section at the top on
Read 3 tweets

Related threads

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Holger Hestermeyer
@hhesterm
A quick thread on the WTO Appellate Body - hopefully readable for non trade geeks.
You might have seen it in the news: the WTO is in crisis. What is it all about? (Thread)
The WTO does several things: it serves as a negotiation hub for trade liberalisation, a forum for exchange on trade AND it settles disputes about the WTO agreements between WTO members /2
Now the WTO negotiation function has slowed to a rather gentle pace given the WTO has 164 members that do not always agree. To put it gently. /3 wto.org/english/thewto…
Read 25 tweets
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Dmitry Grozoubinski
@DmitryOpines
1/ Brexit Implications of the WTO Appellate Body Crisis - A Thread

Smart money seems to be on the World Trade Organization's dispute settlement system losing the quorum of panelists it requires to hear appeals in less than a fortnight.

Does this mean "WTO Brexit" is dead?

No.
2/ A Brexit "on WTO Terms" describes the departure of the UK from the Single Market and Customs Union without a significant new trade agreement in place to replace them.

Without one, the only obligations they'd have to one another are the WTO treaties they're both party to.
3/ It's CRITICAL to understand that a paralysis of the Appellate Body doesn't mean the WTO rules no longer apply.

The rules are contained in international treaties 164 economies freely entered into. They are international law, whether the AB is functioning or not.
Read 14 tweets
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Isabelle Mateos y Lago
@IMateosylago
I will be tweeting the best bites.
Francois Villeroy de Galhau “we pay attention to market signals but we must not be market dependent. that includes not being overly sensitive to market based measures of inflation expectations”
Very grim diagnostic of the current state of global cooperation by @arvindsubraman Hard to disagree.
Read 7 tweets
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Edwin Hayward
@uk_domain_names
EU citizens registering under the new EU settlement scheme will have to tell the Government every single time they change their mobile phone number, email address, name (fair enough, perhaps) or identity document. More stress, more red tape.
gov.uk/update-eu-sett…
The hidden problem with this is that the Goverment could use "discrepancies" to perpetuate a new immigration Hostile Environment any time it liked. For instance, what if it told employers or landlords "You *must* check those details and if they're not up to date" then👎.
Note too that they send a security verification code to your old mobile number or email address, so goodness knows what happens if both change. Oh, and you have to send your new identity document physically to them in the post. Good luck seeing it again any time soon.
Read 5 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
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Julie Laumann 🌎
@Otpor17
"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets

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