The importance of the Appellate Body to the WTO and the whole global trading system cannot be over stated. It is the ability, and one could argue a key distinguishing feature, of the WTO as the successor to the General Agreement on Tariffs and Trade (GATT) to effectively resolve trade disputes between its members that underpin the global trading system.
Tag: global trade
By: Ainsley Brown Global trade was expected to drop as much as 10% in 2009; instead it fell by 12%. That extra two percent may not seem like much but it represents the largest drop in global commerce since 1945. This greater than expected drop has lead to renewed calls from Pascal Lamy, the Director General of the World Trade… Continue reading "Drop In Global Trade Greater Than Predicted"