Russia’s participation in the WTO’s trade disputes in 2021

The WTO system, in particular the mechanism for resolving trade disputes, has been in crisis for five years now. The main reasons are as follows: growth of protectionism, trade wars, the COVID-19 pandemic, systemic challenges, primarily freezing of the Appellate Body (AB). According to the U.S., AB...

Full description

Saved in:
Bibliographic Details
Published in:IDEAS Working Paper Series from RePEc 2022-01
Main Authors: Baeva Marina, Knobel, Alexander
Format: Article
Language:English
Online Access:Request full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The WTO system, in particular the mechanism for resolving trade disputes, has been in crisis for five years now. The main reasons are as follows: growth of protectionism, trade wars, the COVID-19 pandemic, systemic challenges, primarily freezing of the Appellate Body (AB). According to the U.S., AB goes beyond its authority, sometimes making decisions outside of WTO law, posing rights or obligations for member countries that are not provided for by existing WTO agreements, violates the deadlines for appellate review. The U.S. blocked decisions to appoint new AB members. Many WTO member countries agree on the need for reforms.