SINGAPORE: Singapore is working with other countries to explore viable interim solutions that “preserve or replicate” the functions of the now-halted appeals court at the World Trade Organisation , said the Ministry of Trade and Industry on Friday .earlier this week after losing the minimum number of judges required to hear appeals due to a blocking strategy by the United States. This comes amid a protracted trade war between the US and China.
The body, seen as the ultimate arbiter of trade disputes, requires a minimum of three judges to make a decision.READ: US trade offensive takes out WTO as global arbiter Much of the US displeasure stems from how the WTO has tied its hands in dealing with China. In binding rulings, WTO judges have given Beijing the benefit of the doubt on subsidies and rejected Washington’s treatment of dumping.
In a separate interview with the BBC, he said “significant changes in the dispute settlement mechanism” will be needed and that"intensive consultations" will start immediately, though it might take “a few months” to fix the top dispute body.
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