Russiaâ€™s participation in the WTOâ€™s trade disputes in 2021
Marina Baeva and
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Marina Baeva: Gaidar Institute for Economic Policy
Published Papers from Gaidar Institute for Economic Policy
The WTO system, in particular the mechanism for resolving trade disputes, has been in crisis for five years now. The main reasons are as follows: growth of protectionism, trade wars, the COVID-19 pandemic, systemic challenges, primarily freezing of the Appellate Body (AB). According to the U.S., AB goes beyond its authority, sometimes making decisions outside of WTO law, posing rights or obligations for member countries that are not provided for by existing WTO agreements, violates the deadlines for appellate review. The U.S. blocked decisions to appoint new AB members. Many WTO member countries agree on the need for reforms.
Keywords: Russian economy; foreign trade; WTO; trade disputes (search for similar items in EconPapers)
JEL-codes: F10 F13 F19 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2022, Revised 2022
New Economics Papers: this item is included in nep-cis and nep-int
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1200.pdf Revised Version, 2022 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2022-1200
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