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WTO Reform: Faster Dispute Settlement and Increased Transparency.

This House Resolution calls for the United States to remain committed to the World Trade Organization (WTO) and work towards its reform. The aim is to improve the speed and predictability of trade dispute settlement, increase transparency, and ensure fair treatment for developing countries. These changes seek to create a more predictable and equitable international trading system, which could indirectly affect the availability and prices of imported goods.
Key points
The United States seeks to make the WTO dispute settlement process faster and more predictable.
Calls for increased transparency in WTO operations, including public access to dispute information.
Emphasizes the need to ensure special privileges for developing countries are used only in appropriate circumstances.
The US aims to update WTO rules to better meet the needs of the modern global economy.
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Additional Information
Print number: 117_HRES_382
Sponsor: Rep. Kind, Ron [D-WI-3]
Process start date: 2021-05-11