{"id":51407,"date":"2020-08-21T19:55:00","date_gmt":"2020-08-21T16:55:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-trade-rep-robert-lighthizer-outlines-plan-to-revamp-world-trade-organization\/"},"modified":"2020-08-21T19:55:00","modified_gmt":"2020-08-21T16:55:00","slug":"us-trade-rep-robert-lighthizer-outlines-plan-to-revamp-world-trade-organization","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-trade-rep-robert-lighthizer-outlines-plan-to-revamp-world-trade-organization\/","title":{"rendered":"#US trade rep Robert Lighthizer outlines plan to revamp World Trade Organization"},"content":{"rendered":"

“#US trade rep Robert Lighthizer outlines plan to revamp World Trade Organization<\/strong>”<\/p>\n

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August 21, 2020 |<\/span> 12:55pm |<\/span> Updated August 21, 2020 | 1:29pm<\/span><\/p>\n

\n Enlarge Image<\/p>\n

\"US<\/img>
\n US Trade Representative Robert Lighthizer<\/span>
\n Alex Wong\/Getty Images<\/span><\/p><\/div>\n

\n US Trade Representative Robert Lighthizer has outlined a five-point plan to overhaul the World Trade Organization as the body searches for a new leader.<\/p>\n

The Trump administration\u2019s top trade official detailed his agenda in a Wall Street Journal op-ed on Thursday, calling for a brand-new system to resolve international trade disputes and \u201cbaseline tariff rates that app<\/a>ly to all,\u201d among other measures.<\/p>\n

Lighthizer said the WTO\u2019s two-stage dispute settlement process should be \u201ctotally rethought\u201d and replaced with a system similar to commercial arbitration, with \u201cad-hoc tribunals\u201d issuing rulings that only apply to the parties involved in the disagreement. WTO members should also be able to set aside \u201cerroneous panel opinions in exceptional cases,\u201d he said.<\/p>\n

Lighthizer also criticized the WTO\u2019s Appellate Body, which the Trump administration has left unable to hear cases by blocking new members from being appointed, according to reports. The body is supposed to consider appeals from countries that lose trade disputes before an expert panel that handles the first stage of the resolution process.<\/p>\n

The US has won cases in the first stage only to have those rulings reversed by the Appellate Body, which has interpreted WTO rules \u201cin ways that diminish rights and create new obligations not found in the text,\u201d Lighthizer said.<\/p>\n

\u201cOver time, our major trade competitors like China found they could use the Appellate Body as both a sword and a shield, successfully challenging US trade-remedy laws that prevent our market from being flooded with dumped or subsidized products, while skillfully exploiting the system to escape accountability for their nonmarket behavior,\u201d Lighthizer wrote.<\/p>\n

In addition to benchmark tariffs for WTO members, Lighthizer called for avoiding free-trade agreements unless they\u2019re meant to \u201cfoster regional integration among contiguous states\u201d; ending preferential treatment for countries with large and advanced economies; and imposing rules to \u201cstop the economic distortions that flow from China\u2019s state capitalism.\u201d<\/p>\n

Lighthizer made the push as the WTO faces a leadership vacuum. Director-General<\/a> Roberto Azevedo is planning to resign at the end of this month, a year ahead of schedule, and the WTO has not picked an interim boss to take over before a permanent replacement is named. Eight candidates reportedly are vying to succeed Azevedo.<\/p>\n

With Post wires<\/em>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#US trade rep Robert Lighthizer outlines plan to revamp World Trade Organization” August 21, 2020 | 12:55pm | Updated August 21, 2020 | 1:29pm Enlarge Image US Trade Representative Robert Lighthizer Alex Wong\/Getty Images US Trade Representative Robert Lighthizer has outlined a five-point plan to overhaul the World Trade Organization as the body searches for…<\/p>\n","protected":false},"author":1,"featured_media":51408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[56873],"class_list":["post-51407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-us-trade-rep-robert-lighthizer-outlines-plan-to-revamp-world-trade-organization"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/51407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=51407"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/51407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/51408"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=51407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=51407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=51407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}