Write short notes Dispute Settlement Body of world Trade organization (WTO).
Answers
Answer: The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) makes decisions on trade disputes between governments that are adjudicated by the Organization. Its decisions generally match those of the Dispute Panel.
Resolving trade disputes is one of the core activities of the WTO. A dispute arises when a member government believes another member government is violating an agreement or a commitment that it has made in the WTO. The WTO has one of the most active international dispute settlement mechanisms in the world. Since 1995, over 500 disputes have been brought to the WTO and over 350 rulings have been issued.
Answer:
WTO
The dispute settlement system of the World Trade Organization (WTO) is widely considered the “Jewel in the Crown” of the WTO.1 It is one of the rare areas in public international law where we have a mechanism that provides binding third-party adjudication of disputes between sovereign states.
There are three main stages to the WTO dispute settlement process:
(i) consultations between the parties;
(ii) adjudication by panels and, if applicable, by the Appellate Body; and
(iii) the implementation of the ruling, which includes the possibility of countermeasures in the event of failure by the losing party to