China Global Television Network Quotes Alan Yanovich on WTO’s New Appeals Body

May 2, 2020

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Scott Wasserman

Senior Media Relations Manager

Akin Gump international trade partner Alan Yanovich has been quoted in the China Global Television Network (CGTN) article “New trade appeals body gets around U.S. block on WTO.” The article reports on how some of the world’s major trading countries have agreed on a way to circumvent U.S. obstruction of the World Trade Organization (WTO).

The WTO’s Appellate Body normally deals with trade disputes among members, but the article says it has been hindered by the Trump administration’s moves to block the appointment of new judges. China and the European Union, according to CGTN, have now formed an alternative system of appeals to deal with disputes.

“The interim system is massively important. It ensures that trade amongst these WTO members continues to be based on rules that are enforceable,” said Yanovich. “The MPIA (multi-party interim appeal arbitration arrangement) will help maintain open trade flows and will weigh against growing protectionist pressures.”

CGTN reports that the 19 subscribing WTO members will soon begin pulling together a list of 10 independent arbitrators that can be called upon to hear future appeals once they begin, which Yanovich described as “an example of what WTO members who are committed to an open and rules-based trading system can achieve when they work together.”

Yanovich added that those who negotiated the coalition should be “recognized for their leadership and commitment to an open and rules-based global trading system.” To overcome the organization’s long-term problems, he observed, “it is important that key members continue to show leadership by concluding plurilateral initiatives like the MPIA.”

Share This Insight

People Mentioned in This News

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.