"The Presidency had conclusions which were welcoming of that mechanism, but they were changed after the discussion,” one EU official said.
A spokesperson for Malmström refuted that criticism, saying its negotiations were technically not new"international agreements setting up a new 'court' and requiring a 'mandate' from the Council," because they were constructed on the basis of existing WTO provisions.The Commission spokesperson said Brussels' negotiations were"not policy statements whereby the EU would align itself with or against any particular WTO members," namely the U.S.
Some officials said they feared the Commission's focus on dispute settlement was coming at the expense of a parallel initiative to reform the WTO. Malmström insists the urgency of the dispute settlement collapse should make it the EU's number one priority."Arguably the most dangerous [misconception] facing trade at the moment," she said at a speech in September, is"the idea that the WTO is useless ... It is like oxygen – you would not notice it until it is gone, and then you are in serious trouble."
Source: Law Daily Report (lawdailyreport.net)
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