It does not allow you to create a new app version.
In older posts we find that we need to accept any pending agreement. But all has been accepted yet.
App Store Connect - can't create a new app version
Reviewing the browser DevTools I see this:
{ "errors": [ { "id": "dd6549bd-a9a7-4099-9d3a-4d071cf56b42", "status": "409", "code": "STATE_ERROR.DPLA_OUTDATED_ERROR", "title": "Developer Program License Agreement outdated.", "detail": "You need to sign the latest Apple Developer Program License Agreement." } ] }
But the agreement is already accepted