TITLE:
WTO-Analysis of Issues with the Dispute Settlement Mechanism
AUTHORS:
Dharmapuri Selvakumar Madhumitha, B.com Llb (Hons)
KEYWORDS:
Dispute, Issues, International Organisation, Rules, Governance
JOURNAL NAME:
Beijing Law Review,
Vol.11 No.4,
December
11,
2020
ABSTRACT: World Trade Organisation is one of the main international organisation dealing with rules regulating trade between nations. The main goal of the WTO is to regulate, negotiate business among the exporters and importers with the goods and services. This organisation gives a forum in case of dispute for the governments to step up and provide their agreements to get in consensus with their problems. World Trade Organisation is basically not a separate organisation with its own nomination, it is an organisation run by member government parts of WTO system. WTO played a very important role in boosting economic prosperity and mend relationships among the governments by providing Multi-Lateral agreements, its roots are there to be found from the silk road creation to the set-up of GATT. Even the DSP playing an important role in the development of economic relations, it has backlash on its own, the dispute settlement mechanism within the WTO system has been facing many problems regarding the decision of the forum, their competency, their qualification, the biasness within the forum to support the favouring states. The 2017 annual report by DSB Chair, Ambassador Sunanta the reports stated that there was complication with the complex dispute resolution such as the plain packaging case, too many cases reported undecided, the resource occupation suggested a problem, for example, Airbus and Boeing proceedings. The 2019 report showed that there was decrease in overall economic activity in the global trade. The project analyzes the issues with the dispute settlement mechanism in the WTO and the ways and suggestions to overcome the situations.