|Author (Corporate)||European Commission: DG Trade|
|Series Details||COM (2019) 623|
The European Commission published on 12 December 2019 a legislative proposal aimed at allowing the European Union (EU) to protect its trade interests despite the paralysis of the multilateral dispute settlement system in the World Trade Organization (WTO).
The initiative concerns an amendment of Regulation (EU) No 654/2014 concerning the exercise of the Union's rights for the application and enforcement of international trade rules and amending Council Regulation (EC) No 3286/94 laying down procedures in the field of the common commercial policy in order to ensure the exercise of the EU's rights under international trade rules, in particular those established under the auspices of the World Trade Organization (WTO).
The objective of the amendment is the protection of the Union’s interests under international trade agreements in situations when third countries adopt illegal measures and simultaneously block a dispute settlement process. The proposed amendment extends the scope of the Enforcement Regulation to allow for action in a situation of dispute settlement procedures that are blocked. This proposal came as a direct reaction to the blockage of the operations of the WTO Appellate Body.
Member State representatives adopted the Council's negotiation position on this proposal on 8 April 2020. The European Parliament's relevant committee adopted its own position on 6 July. An informal agreement between the co-legislators on a compromise text for the initiative was reached on 28 October.
|Subject Tags||External Trade | Trade Agreements|
|International Organisations||European Union [EU], World Trade Organisation [WTO]|