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Transcripts For DW Business 20240713

A crisis moment for the Global Trading system the World Trade Organization is Appeals Court is on the course to collapse after successive u. S. Administrations blocks the appointment of new judges global trade looks set to lose its ultimate umpire. The man is not for budging and unless theres an 11th hour breakthrough the face of the World Trade Organizations top of course has been sealed the u. S. Ambassador to the w t o dennis chase says hell continue to block the appointment of new judges whose job it is to rule on trade disputes. Here is what that means the applet body is made up of 7 judges 4 whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able to function and the director general said that he will be now holding intensive consultations of a political nature or get to his statement in a minute but what

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