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One of the principal achievements of the GATT Uruguay Round of Multilateral Trade Negotiations (1986-1994), which resulted in the establishment of the World Trade Organization ("WTO"), was the creation of a ground-breaking system for the resolution of trade disputes between WTO Members. This...
Persistent link: https://www.econbiz.de/10013093107
The World Trade Organization (WTO) dispute settlement system, established in 1995, is the youngest of the systems of international adjudication discussed in this book. In spite of its successful functioning over the past 25 years, it is today, however, also a system in crisis, due to the demise...
Persistent link: https://www.econbiz.de/10012795877
In 2020, the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights ("TRIPS Agreement") marked its 25th anniversary. There was, however, little reason for celebration. The COVID-19 pandemic had plunged the world economy in an unprecedented crisis. In April 2020, the IMF predicted...
Persistent link: https://www.econbiz.de/10012383876
Economic nationalism and anti-globalist unilateralism have been on the rise in recent years. The most obvious and consequential examples of this trend are the trade policy measures taken by the United States which undermine the rules-based multilateral trading system. Among these measures, one...
Persistent link: https://www.econbiz.de/10012383877