The EU and Canada have agreed a new trade dispute resolution system as a temporary substitute to the World Trade Organization’s appeal court, which is edging towards collapse.
Since its inception in 1995, the appellate body has had the final word on cases brought to the WTO by nations at loggerheads. But over the past two years US president Donald Trump has consistently blocked replacements for retiring judges.
With two of the remaining three judges due to end their terms in office in December, the body is just months away from being unable to take on new cases — a minimum of three judges are needed.
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