Trump administration pauses financial contributions to WTO: Report

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Trump administration pauses financial contributions to WTO: Report - Business Standard

Quick Summary:

The country is now classified as being in the first of three such categories, two of the trade sources confirmed to Reuters, which means its representatives can no longer preside over WTO bodies nor receive formal documentation.

Under WTO rules, any member that fails to pay its dues after more than a year is subject to "administrative measures" - a series of punitive steps that get progressively stricter the longer the fees go unpaid.

But the Secretariat continues to manage its resources prudently and has plans in place to enable it to operate within the financial limitations imposed by any arrears," he said, referring further questions to U.S.authorities.