EU rights for the enforcement of international trade rules: legal amendments and institutional declarations published
Today, official publication has been made of Regulation 2021/167 of 10 February 2021 amending Regulation 654/2014 concerning the exercise of the Union’s rights for the application and enforcement of international trade rules.
This Regulation, adopted within the scope of the EU’s exclusive competence regarding the common commercial policy, extends the scope of Regulation 654/2014 to cover situations in which international dispute settlement is blocked. This comes as a result of the blocking of the WTO dispute settlement mechanism (on the background and consequences of this, see this Op-Ed by Holger Hestermeyer).
Under the amended version of Regulation 654/2014, in the event that effective recourse to binding dispute settleme