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BBCNEWS Talking Business June 4, 2024 14:35:00

The presidency of donald trump, the united states has blocked the appointment of any newjudges to the wto applet body. that is a panel of judges from different member countries that decide on any challenges to the organisations rules. of this body cannot do its job because newjudges are not being appointed then none of the trade battles between countries, like us and china, can be resolved. while the biden administration says it wants to move beyond this, the block on judges wants to move beyond this, the block onjudges remains newjudges remains. despite this, trade around the world has badged back after the pandemic. globaltrade the world has badged back after the pandemic. global trade went to a record high in 2021. $20.5 trillion. 13% higher than the same number in 2019. before the pandemic to hold. but the supply chain crisis from the pandemic continues to linger, exacerbated by russia + this attack on ukraine. oil prices have skyrocketed. global shortage of that ....

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BBCNEWS Talking Business June 4, 2024 14:47:00

About its existence. the body of judges which rules on appeal to the wto has not been sitting. since 2019 the so called appellate body was shut down after america said it would not approve the apartment of any newjudges. as appeals can t be heard and ruled on countries have been able to ignore some of the organisations rules. earlier i caught up with one of china s former judges on the wto appellate body. china. thank you for your time. it is great to have you. i want to make it clear that you are speaking to me from a personal point of view, not as a representative of the chinese government. i appreciate your time. let us start with this. for the past two and a half years the appellate body has not been functioning. it has not been able to function because china, the united states, keep blocking judges. i want your opinion. do you think the appellate body will be able to recover? i feel ....

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