You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution Peterson Institute for International Economics Remove constraint Publishing Institution: Peterson Institute for International Economics Political Geography Brazil Remove constraint Political Geography: Brazil Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Developing World Remove constraint Topic: Developing World
- Author: Ana González, Euijin Jung
- Publication Date: 01-2020
- Content Type: Policy Brief
- Institution: Peterson Institute for International Economics
- Abstract: By refusing to fill vacancies in the World Trade Organization’s (WTO) Appellate Body—the top body that hears appeals and rules on trade disputes—the Trump administration has paralyzed the key component of the dispute settlement system. No nation or group of nations has more at stake in salvaging this system than the world’s big emerging-market economies: Brazil, China, India, Indonesia, Korea, Mexico, and Thailand, among others. These countries have actively and successfully used the dispute settlement system to defend their commercial interests abroad and resolve inevitable trade conflicts. The authors suggest that even though the developing countries did not create the Appellate Body crisis, they may hold a key to unlock it. The Trump administration has also focused its ire on a longstanding WTO practice of giving these economies latitude to seek “special and differential treatment” in trade negotiations because of their developing-country status. The largest developing economies, which have a significant stake in preserving a two-step, rules-based mechanism for resolving trade disputes, could play a role in driving a potential bargain to save the appeals mechanism. They could unite to give up that special status in return for a US commitment to end its boycott of the nomination of Appellate Body members.
- Topic: Development, Government, World Trade Organization, Developing World, Donald Trump
- Political Geography: China, Indonesia, India, South Korea, Brazil, North America, Mexico, Thailand, United States of America