EU, China and others agree appeals system to settle WTO disputes
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BRUSSELS (Reuters) - Seventeen World Trade Organization members including the European Union and China agreed on Friday to create a temporary mechanism to settle trade disputes after the United States paralysed the WTO's appeals body last month.The European Commission said the WTO members involved had agreed this contingency step would preserve the WTO's two-step dispute system until its own Appellate Body became operational again. Washington froze the Appellate Body, which acts as a supreme..