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The European Commission prepares to repel United States in terms of the blocking of the WTO system

Europe / Business and Finance

New amendments to the legislation of the European Union will allow the European Commission to respond adequately, even if the WTO will not make a final decision at the appellate level because the other WTO member will block the dispute resolution process.

The European Commission prepares to repel United States in terms of the blocking of the WTO system

the European Commission, which coordinates trade policy of the European Union, suggested on Thursday changes to the existing law, which she has used to restrict steel imports after American tariffs effectively closed the US market in 2018.

"Today's proposals will allow us to protect our interests in these particularly challenging times for international trade. Because what is at stake in many European jobs the EU should be able to force our partners to respect their commitments, and that was the purpose behind this proposal," - said the President of the European Commission Ursula von der Leyen.

the New mechanism would also apply to dispute settlement provisions included in bilateral or regional trade agreements is a member of the EU.

These proposals are the latest European Union's response to the crisis in the WTO.

the WTO Appellate body ruling as the Supreme court in international disputes, this week, was paralyzed after the administration of the trump failed to make the nominations of their representatives in the trade organization.

"the European Commission has presented a proposal that will enable the European Union to protect their commercial interests, despite the paralysis of the multilateral system of dispute settlement in the world trade organization (WTO)," - said the EC.

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