GENEVA (Reuters) – Countries belonging to the World Trade Organization should unite against the bullying of U.S. President Donald Trump, former WTO chief judge James Bacchus said on Wednesday.
He said Trump was stampeding countries into accepting constraints on their own exports, even though they knew it was illegal to do so, and intimidating judges at the WTO who had ruled against the United States.
“It is imperative that the other members of the WTO stand up against the bully, unite and do it. No one wants to do it individually,” Bacchus, a former U.S. congressman, told a packed audience at the WTO.
Trump has blocked the appointment of judges at the WTO, which has now four vacant seats on its seven-seat Appellate Body, effectively the supreme court of world trade, leaving the bare minimum of three judges to rule on international disputes.
“What the United States really wants is to be judge and jury in all its disputes in the WTO involving the U.S. They want judges to rule in favor of the United States under threat of not being reappointed if they do not,” Bacchus said.
Losing one more judge would undermine the entire world trading system, he added.
“It is shameful, it is inexcusable, it is not worthy of the United States of America… It is not worthy of the greatest dispute settlement system in the history of the world.”
He said the other 163 WTO members could exploit a rarely used WTO rule to isolate Washington, using arbitration instead of standard litigation, while excluding the United States from the new arrangement.
“The inability to get the Trump administration to reason together is a reason to isolate the United States now in dispute settlement, as a means to bring the United States back to its senses.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com