Retaliation is the final and most serious consequence a non implementing member faces in the wto dispute settlement system article 37 of the dsu although retaliation requires prior approval by the dsb 1 the countermeasures are applied selectively by one member against another. The wtos mechanism for resolving international trade disputes emphasizes consensus building over unilateral action the rules governing the system are set forth in the dispute settlement understanding dsu the task of adjudicating disputes is delegated to the dispute settlement body dsb a special. They want to know if the rules based trading system promised by the wto is real or a mere illusion references bown c p and j pauwelyn 2010 the law economics and politics of retaliation in wto dispute settlement cambridge university press shadikhodjaev s 2009 retaliation in the wto dispute settlement system kluwer law international. 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 organizations unique contribution to the stability of the global economy a dispute arises when one member country adopts a trade policy measure or takes some action that one or more fellow members considers to be a . Acknowledgements list of abbreviations 1 introduction 2 introduction to the wto dispute settlement remedies an international law perspective 3 retaliation under gatt 1947 and the dsu 4 retaliation under the scm agreement 5calculation of the level of retaliation 6 the wto retaliation system problems and solutions 7 conclusion
How it works:
1. Register Trial Account.
2. Download The Books as you like ( Personal use )