Developments at the
WTO and WCO
Our practice involves monitoring dispute resolution decisions between sovereign countries at the WTO. We also monitor guidance decisions undertaken by the WCO. We provide additional information on these bodies below:
The World Trade Organization (WTO)
The World Trade Organization (WTO) was established in 1995, as the predecessor organization to the GATT. It’s composed of 164 member nation states. It describes its mission as the creation of “a strong and prosperous international trading system…” and describes itself as “the only global international organization dealing with the rules of trade between nations.”
An important function of the WTO is to hear and resolve trade disputes between member countries. This function is administered by the dispute resolution body.
The main WTO agreement on settling disputes is known as the Dispute Settlement Understanding (DSU). Following on that agreement additional materials are as follows:
- Technical explanation of the DSU
- Rules of Conduct on rules and procedures for settling disputes
- Procedures for Appellate Review
The WCO is an independent intergovernmental body composed of 182 customs administrations from WTO member Nations. It’s mission is to enhance the effectiveness and efficiency of Customs administrations.
The WCO describes itself as “the global centre of Customs expertise . . . the WCO is the only international organization with competence in Customs matters and can rightly call itself the voice of the international Customs community.”
Active WCO committees are as follows:
- Harmonized System Committee
- Harmonized System Review Sub-Committee
- Harmonized System Working Party
- Technical Committee on Rules of Origin (TCRO)
- Technical Committee on Customs Valuation
SELECTED MATERIALS FROM THE TECHNICAL COMMITTEE ON CUSTOMS VALUATION:
- Meeting of the Focus Group on Transfer Pricing | Brussels, 26 October 2007
- Case study 14.1
- Case study 14.2
- WCO Guide to Customs Valuation and Transfer Pricing
- Focus Group on Transfer Pricing
WTO/WCO NEWS :
February 2, 2018: WCO: Tariff classification rulings release
January 19, 2018: WTO Arbitrator determines “reasonable period of time” in US-China anti-dumping dispute.
January 15, 2018: Article: Korea follows Canada's WTO move by filing to the Dispute Settlement Body against US ADCVD on Korean Washers.
January 14, 2018: Article: WTO Canada's complaint "based on 200 examples of offenses."
January 13, 2018: Article: Vietnam files WTO complaint on seafood.
WTO: Moving forward with e-Commerce Gateway. Argentina summary
- WSJ Article: How China Swallowed the WTO
- WCO: New Valuation Case study: Case study 14.2
Appellate Body issues report regarding US anti-dumping investigations on Chinese products (N.B.: this encompasses the zeroing and "china-wide" rate issues)
October 2017: Article: Why the US is unhappy with the WTO.