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The US blocked Venezuela Friday from pursuing its dispute over US sanctions at the World Trade Organization (WTO).
The Biden administration does not recognize Nicolás Maduro as the legitimate president of Venezuela, due to claims of election manipulation and illegitimate presidency. Instead, the administration recognizes Juan Guaidó as the interim president.
Throughout 2020, the US imposed sanctions on a variety of Venezuelan politicians, nationals, companies, a prosecutor, and a judge. The sanctions were imposed under the authority of Executive Order 13692, which generally freezes the individual or entity’s US assets and prevents Americans from entering into any sort of deal with them.
In February, a UN rights expert urged the US, EU and other states to lift the sanctions that the countries imposed against Venezuela on claims that the sanctions only “exacerbated pre-existing calamities.” Venezuela requested that a WTO panel rule on whether the US sanctions breached global trading rules.
On Friday, the US asked that the request be removed, blocking Venezuela from pursuing the issue.
Office of the United States Trade Representative spokesperson Adam Hodge said:
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The Biden administration does not recognize Nicolás Maduro as the legitimate president of Venezuela, due to claims of election manipulation and illegitimate presidency. Instead, the administration recognizes Juan Guaidó as the interim president.
Throughout 2020, the US imposed sanctions on a variety of Venezuelan politicians, nationals, companies, a prosecutor, and a judge. The sanctions were imposed under the authority of Executive Order 13692, which generally freezes the individual or entity’s US assets and prevents Americans from entering into any sort of deal with them.
In February, a UN rights expert urged the US, EU and other states to lift the sanctions that the countries imposed against Venezuela on claims that the sanctions only “exacerbated pre-existing calamities.” Venezuela requested that a WTO panel rule on whether the US sanctions breached global trading rules.
On Friday, the US asked that the request be removed, blocking Venezuela from pursuing the issue.
Office of the United States Trade Representative spokesperson Adam Hodge said:
The post US blocks Venezuela from proceeding with WTO sanctions dispute appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.