The European Union, China and 14 other World Trade Organization members agreed on Friday on a temporary mechanism to resolve trade disputes after U.S. action rendered the WTO incapable of acting as the arbiter of global trade.
A World Trade Organization logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse
A WTO “panel” of trade experts will still make initial findings. However, it is no longer possible to appeal against a ruling at the Geneva-based body.
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