Giving this information, an official said that Goyal will be in Bali to attend the G20 ministerial meeting on trade, investment and industry on September 21. During this, he will also attend a consultation meeting called by the US Trade Representative.
“Apart from the ministerial meeting, US Trade Representative Catherine Tei has convened a meeting to discuss issues related to the dispute settlement mechanism of the WTO,” the official said.
During this discussion, demands from the G-20 countries are expected to be raised for the smooth functioning of the dispute settlement system. Unhappiness is being seen in many countries about America’s stand in this regard.
The Geneva-based WTO is a 164-member multilateral body that sets standards for global exports and imports. Apart from this, the WTO also gives decisions in the event of trade disputes between member countries.
There are two main ways to settle a dispute once a complaint is filed with the WTO. The first is that the countries concerned find solutions based on mutual agreement, especially during bilateral consultations. But in this process, if any party is not satisfied with the decision of the committee, he challenges it in the appellate body. The Appellate Body is the WTO’s apex body for settlement of disputes.
But the working of the WTO’s dispute settlement mechanism was hampered after the US stopped the appointments of members to the Appellate Body (AB). Thereafter, the appellate body has stopped functioning with effect from December 10, 2019.
Since December 2019, 24 appeals have been filed after the appellate body became inactive. Of these, four appeals have been filed by India.
According to international trade experts, the US wants to undermine the two-tier system of dispute settlement mechanism and does not intend to reinstate the appellate body.
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