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Wto Dispute Settlemnt

Wto Dispute Settlemnt

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Published by: trinabhagat on Feb 08, 2011
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11/14/2011

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World Trade OrganizationDispute Settlement Mechanism
Trina BhagatNItika SinghRishika MittalMeghraj GawandeSusrita SenSwati RandhawaMBA ±AB2009 ±2011Symbiosis Institute of International Business
 
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Settlement of dispute under GATT
y
A dispute arises when one country adopts a trade policy measure or takes some action that one or more fellow-WTO members considers to be breaking the WTO agreements, or to be a failure to live up toobligations.
y
A procedure for settling disputes existed under the old GATT
y
 but it had
no fixed timetables,
rulings were easier to block,
and many cases dragged on for a long time inconclusively.
Source: The WTO¶s new dispute resolutionsystem
International Affairs
KAREN J. ALTER
 
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The Uruguay Round Agreement
The Uruguay Round agreement introduced a more structured process with moreclearly defined stages in the procedure. .
The agreement emphasizes that prompt settlement is essential if the WTO is tofunction effectively.
Strict timelines were created for each stages of the dispute resolution process tospeed up the resolution of disputes.
If a case runs its full course to a first ruling, it should not normally take morethan about one year ²15 months if the case is appealed.
The agreed time limits are flexible, and if the case is considered urgent (e.g. if  perishable goods are involved), it is accelerated as much as possible.
Source: The WTO¶s new dispute resolution system
International Affairs
KAREN J. ALTER

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