European Commission President Ursula von der Leyen and German Chancellor Friedrich Merz proposed an alternative to the WTO during a summit in Brussels. The initiative stems from frustrations with the WTO's ineffective dispute resolution protocols, which have worsened since former US President Obama blocked Appellate Body appointments. Merz indicated that the new organization could provide similar dispute mechanisms that the WTO used to offer. Von der Leyen emphasized collaboration with like-minded Asian trade nations, aiming to work closely with the CPTPP to boost economic integration.
The WTO's dispute resolution mechanism has nearly collapsed due to the inability to appoint new judges, reflecting a broader need for reform in international trade governance.
President Ursula von der Leyen highlighted the EU's intention to forge a strong partnership with trade allies in Asia, aiming to collaborate with countries in the CPTPP.
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