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The central pillar of the World Trade Organization’s (WTO) multilateral trading system is the Dispute Settlement Understanding (DSU), its most important contribution for the stability of global trade. It establishes the rules and procedures governing the settlement of disputes at the WTO....
Persistent link: https://www.econbiz.de/10014147698
In 1995 the WTO Dispute Settlement System came into operation. Its main purpose is the rapid settlement of disputes between WTO members concerning their rights and obligation. However, the WTO dispute settlement system has a weak enforcement mechanism, and developed countries have an advantage...
Persistent link: https://www.econbiz.de/10014124197
Poor countries are rarely challenged in formal WTO trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries and discusses the...
Persistent link: https://www.econbiz.de/10014050884
Developing countries have been increasing their participation in the formal institutions and proceedings of the multilateral trading system. A prominent example is their more frequent involvement as defendants and plaintiffs in GATT/WTO trade disputes. This paper provides an initial economic...
Persistent link: https://www.econbiz.de/10014072841
Export restrictions have been widely used by many countries in recent pasts to protect their domestic industries. In this paper, we estimated the short-run and long-run elasticity of the shrimps and tuna exports using the techniques of co-integration and error correction. We have also checked...
Persistent link: https://www.econbiz.de/10014095364
The poorest WTO member countries almost universally fail to engage as either complainants or interested third parties in formal dispute settlement activity related to their market access interests. This paper focuses on costs of the WTO's extended litigation process as an explanation for the...
Persistent link: https://www.econbiz.de/10014027814
Persistent link: https://www.econbiz.de/10014500303
Mechanisms to avoid investment treaty disputes are an increasing priority for states. States often struggle, however, to develop evidence-based mechanisms due to a lack of information regarding the risks created by the operation of their administrative institutions. The self-assessment process...
Persistent link: https://www.econbiz.de/10014424365
This Article attempts to understand the lack of Least Developed Countries (LDC)s and small developing Member States' participation as complainants in the World Trade Organization (WTO) Dispute Settlement Body (DSB) by undertaking the case study of the only LDC initiated dispute in the DSB:...
Persistent link: https://www.econbiz.de/10014263118
The Dispute Settlement (DS) system is a central feature of the World Trade Organization (WTO) Agreement. This compulsory and binding two-level mechanism for the adjudication of disputes between WTO Members is the most active among international courts. The functioning of the DS system has...
Persistent link: https://www.econbiz.de/10014168378