U.S. threatens veto against slow WTO rulings

GENEVA (Reuters) - U.S. Ambassador Dennis Shea told the World Trade Organization on Friday that appeals rulings can be vetoed if they take longer than the allowed 90 days, throwing down a new challenge to the WTO system of enforcing global trade rules.
The WTO rules traditionally rely on "negative consensus", whereby a ruling can only be blocked if every member opposes it.
"The consequence of the Appellate Body choosing to breach (WTO dispute) rules and issue a report after the 90-day deadline would be that this report no longer qualifies as an Appellate Body report for purposes of the exceptional negative consensus adoption procedure," Shea said, according to a copy of his remarks provided to Reuters.
(Reporting by Tom Miles; editing by Stephanie Nebehay)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jun 22 2018 | 8:41 PM IST
