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.


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