A Critique on Dispute Settlement under WTO Regime

Abstract

The Dispute Settlement Understanding, which the WTO uses to settle trade disputes, is essential for upholding the rules and ensuring that commerce proceeds without disruption. If nations believe their rights under the Agreements are being violated, they file challenges with the WTO. Interpretations of the agreements and the commitments of the various countries are related to decisions made by specially chosen impartial experts. The system encourages nations to resolve their disagreements through negotiation. In the event that it doesn’t work, they can follow a methodical, stage-by-stage process that may involve a panel of experts making a decision and the opportunity to challenge that decision in court. This paper critically reviews the Dispute Settlement under the world trade organization (WTO), its principles and the method of the settlement of disputes.