NZ Welcomes WTO's Interim Arbitration

  • May 01, 2020 NZST
  • Team Kalkine
NZ Welcomes WTO's Interim Arbitration

Until the World Trade Organization (WTO) Appellate Body starts functioning again, NZ, along with 18 other WTO Members have joined an interim solution to hear trade dispute appeals between governments.  NZ has welcomed the announcement that includes China, Australia, Canada, and EU.

Minister for Trade and Export Growth, David Parker said, during this time of global turbulence, ensuring trade rules remain enforceable is essential.

Dispute settlement system's decisions are binding on WTO members, and any failure to comply leads to prospective trade sanctions.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK