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They just keep on coming. This morning it was the turn of @bbcworldservice Newsday bbc.co.uk/sounds/play/w1… (from 14 mins 50 seconds)

1/3
The BBC's reporter said WTO dispute settlement decides whether trade measures are “fair”. That misses the point completely. It's about keeping your promises (commitments) and playing by agreed rules.

#RulesBasedTrade

bbc.co.uk/sounds/play/w1… from 14 mins 50 secs

2/3
Newsday’s guest said the WTO’s function is to settle disputes. It’s not.

It’s to keep trade flowing smoothly & predictably, through negotiated rules (agreements).

Dispute settlement is one of many tools to achieve that

#RulesBasedTrade

bbc.co.uk/sounds/play/w1… from 14:50

3/3
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Peter Ungphakorn
@CoppetainPU
Statement by EU ambassador João Aguiar Machado on the WTO Appellate Body crisis, at today's General Council meeting.

What do we learn?

1/3
eeas.europa.eu/delegations/wo…
We learn that NZ ambassador David Walker, who chairs the Dispute Settlement Body and is mediating in the crisis, has submitted a revised proposal, but that the US has rejected it.

2/3
eeas.europa.eu/delegations/wo… Screenshot of bullets 3-5
The EU wants a negotiated solution instead of crippling dispute settlement.

It insists on its right to appeal dispute panel rulings and is working on alternatives.

(It has agreements with Canada and Norway to use arbitration for appeals)

3/3
eeas.europa.eu/delegations/wo… Screenshot of final 3 bullets
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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
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Peter Ungphakorn
@CoppetainPU
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…

1/2
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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