BRICS for immediate restoration of fully functioning WTO dispute settlement system

BRICS leaders have called for the immediate restoration of the World Trade Organization's dispute settlement system. This system allows countries to resolve trade disputes through a fair and impartial process. The current impasse has been caused by the US blocking appointments to the Appellate Body, which is a key part of the system. If restored, the WTO dispute settlement system would be a crucial tool for developing nations to resolve trade disputes and protect their interests.

Why it matters

The restoration of the WTO dispute settlement system could increase trade confidence and stability. This move may lead to more predictable trade relations among nations.

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