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U.S. blocks Venezuela bid to seek WTO review of sanctions
Source: Reuters
BUSINESS NEWS
MARCH 26, 2021 9:34 AM UPDATED 3 HOURS AGO
U.S. blocks Venezuela bid to seek WTO review of sanctions
By Philip Blenkinsop, Andrea Shalal
4 MIN READ
GENEVA (Reuters) - The United States on Friday blocked Venezuela from proceeding with its dispute over Washington’s sanctions at the World Trade Organization, seizing on the issue to underscore its rejection of Nicolas Maduro as the country’s legitimate president.
Venezuela had planned to request the formation of a WTO panel to rule on whether sanctions the United States imposed in 2018 and 2019 breached global trading rules.
The United States asked for the request to be removed, which Venezuela refused to do, prompting the trade body to suspend a meeting about this and other trade matters at the start, a Geneva-based trade official said.
U.S. Trade Representative spokesman Adam Hodge said the panel request was illegitimate because the Maduro administration did not speak on behalf of the Venezuelan people.
-snip-
MARCH 26, 2021 9:34 AM UPDATED 3 HOURS AGO
U.S. blocks Venezuela bid to seek WTO review of sanctions
By Philip Blenkinsop, Andrea Shalal
4 MIN READ
GENEVA (Reuters) - The United States on Friday blocked Venezuela from proceeding with its dispute over Washington’s sanctions at the World Trade Organization, seizing on the issue to underscore its rejection of Nicolas Maduro as the country’s legitimate president.
Venezuela had planned to request the formation of a WTO panel to rule on whether sanctions the United States imposed in 2018 and 2019 breached global trading rules.
The United States asked for the request to be removed, which Venezuela refused to do, prompting the trade body to suspend a meeting about this and other trade matters at the start, a Geneva-based trade official said.
U.S. Trade Representative spokesman Adam Hodge said the panel request was illegitimate because the Maduro administration did not speak on behalf of the Venezuelan people.
-snip-
Read more: https://www.reuters.com/article/us-trade-wto-usa-venezuela/u-s-blocks-venezuela-bid-to-seek-wto-review-of-sanctions-idUSKBN2BI1ZT
