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Dispute settlement or dispute settlement system (DSS) is regarded by the World Trade Organization (WTO) as the central pillar of the multilateral trading system, and as the organization's "unique contribution to the stability of the global economy". [1]
Once it has decided on the case, i.e., whether the complaint had been shown to be right or wrong, the DSB may direct the 'losing' Member to take action to bring its laws, regulations or policies into conformity with the WTO Agreements. This is the only direction that emerges from a WTO dispute. There is no concept of "punishment" or even ...
United States: Subsidies on Upland Cotton: Brazil 312: South Korea: Anti-Dumping Duties on Imports of Certain Paper from Indonesia: Indonesia 344: United States: Final Anti-Dumping Measures on Stainless Steel from Mexico: Mexico 376: European Communities: Tariff Treatment of Certain Information Technology Products: Japan 381 United States
She said there was convergence among members on improving some aspects of the dispute settlement system as part of a process started a year ago that was "energizing" the membership to "think big ...
Countries in the World Trade Organization are resuming stalled negotiations on fixing its dispute settlement system by the end of this year, a document showed on Friday, after they overcame ...
The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland [6] that regulates and facilitates international trade. [7] Governments use the organization to establish, revise, and enforce the rules that govern international trade in cooperation with the United Nations System .
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. [9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis. [10]
It may facilitate a WTO dispute settlement process involving deliberate diplomatic ‘gaming’ of trade ‘rules,’ breaking of finely balanced textual truces and dispute panel interpretations that more an act of ongoing negotiation, than judicial analysis. [10]