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About: http://data.cimple.eu/news-article/be2e43609eeac275394323473c5a10ffee7b9f687456685704d0c460 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	European Union countries on Wednesday approved a multilateral mechanism designed to stand in for the WTO's stalled appeals panel which was knocked out by US opposition. The European Council, representing the bloc's 27 member states, said it "gave the go-ahead to the multi-party interim appeal arbitration arrangement (MPIA), a new system that will allow the EU, together with other participating WTO members, to overcome the current paralysis of the WTO's Appellate Body and solve trade disputes amongst themselves". The new mechanism is to be temporary, it said, and "mirrors the main features of the WTO appeal system," notably with decisions being binding on participating countries. The WTO's panel ceased operation on December 11, 2019 after the US blocked the appointment of new judges, preventing it from reaching a three-judge quorum. President Donald Trump's administration has accused the panel of harming US interests and of overreach. The demise of the WTO panel -- sometimes called the supreme court of world trade -- placed international trade disputes in legal limbo, prompting the EU, Canada, Norway and other countries to cast around for a substitute. Last month they announced the creation of the MPIA, which they said they would adhere to after clearing national procedures. Other participating countries and territories are: Australia, Brazil, China, Chile, Colombia, Costa Rica, Guatemala, Hong Kong, Mexico, New Zealand, Singapore, Switzerland, Taiwan and Uruguay. The European Council said any WTO member was welcome to join, adding that the mechanism was expected to be operational within weeks. rmb/dc/txw
schema:headline	EU approves workaround for stalled WTO appeals body
schema:mentions	Quorum Brazil national football team Renminbi Paralysis Costa Rica Guatemala World Trade Organization Uruguay Taiwan Singapore Norway Hong Kong Court Chile Colombia Canada Australia European Union United States China President of the United States Donald Trump Max Planck Institute for Astronomy International trade law The Demise Appellate Body New Zealand women's national football team Mexico national football team Switzerland national football team
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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