the UNITED states has successfully put the WTO appellate body out of the game. Now the ruler of the jungle, says the Danish Industry.
As the clock passed midnight and collapsed the world trade organisation, the WTO appellate body. Instead came a state, which among other things, the Danish Industry describes as the law of the jungle.
the WTO has a court of appeals, where countries can settle their handelsslagsmål. The court has been in existence since 1995 and has settled over 500 disputes.
for Example, the EU has put a legal action against Indonesia, as the country introduced a ban on the export of raw materials used to produce steel in other parts of the world.
Japan has also previously started court proceedings against India, because India increased a number of tariffs on electronic products.
But there must be three judges, to lead a case in the WTO court. And since the deployment of Donald Trump as president of the UNITED states, americans have refused to allow the new judges appoint.
Wednesday at 00.00, two of the three remaining judges mandate. Thus, the court is unable to make a decision - and is the de facto collapsed.
- It is the educator in the school yard. And now the educator, there is so no longer, says Peter Bay Kirkegaard, who is seniorchefkonsulent in the Danish Industry.
- Fortunately for Denmark, we are well covered in, for we are members of the EU. And the EU is a big player, so we can get the EU's help to snout with some of our trading partners.
the UNITED states has made no secret of the purpose is to get the court put out of the game, at least temporary. It is a part of the president's encounter with what he describes as unfair trade relationship, between, among others, the USA and China.
One of the USA's anchor is that China has the status of "development economics" and therefore enjoys a number of advantages.
In July wrote to Donald Trump on Twitter:
- the WTO is in pieces, when the richest country in the world claims to be a developing country in order to avoid WTO rules and receive special treatment. No more!
Both the EU trade commissioner, Cecilia Malmström, and the Danish minister for foreign affairs, Jeppe Kofod (S), acknowledges that the UNITED states'complaints are real enough.
/ritzau/Updated Date: 11 December 2019, 04:00