Dispute Resolution Mechanisms

P. K. Rao
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P. K. Rao: Center for Development Research

Chapter 6 in The World Trade Organization and the Environment, 2000, pp 119-137 from Palgrave Macmillan

Abstract: Abstract Perhaps the most significant improvement of the WTO over the GATT 1947 is its dispute settlement understanding (DSU). The GATT clauses for trade disputes settlement were too vague and too brief: contained in three precious paragraphs. The DSU, spelled out in 40 pages, incorporates several new dimensions such as the role of rules that cannot be vetoed by a single member country, clear schedules and time-bound actions in processing disputes and their effective compliance, recognition of the role of customary international public law and provision of measures to compensate members for adverse impacts of any trade policy violation by one or more measures. The DSU was expected to contribute toward security and predictability to the multilateral trading systems.

Keywords: World Trade Organization; Dispute Settlement; Trade Dispute; Dispute Resolution Mechanism; Corporate Average Fuel Economy (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-99395-8_6

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DOI: 10.1057/9780333993958_6

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