Dispute Settlement in the World Trade Organization

Author: Jiang De'en
Publisher:
Publish Date: 1999-09-01
Features: "Understanding on Rules and Procedures for Dispute Settlement." This Understanding systematically summarizes the successful experience of the dispute settlement mechanism of the original General Agreement on Tariffs and Trade (GATT) in resolving disputes, while also addressing many of the shortcomings of the original mechanism. In some aspects, the new mechanism also features innovative developments. It can be said that the new mechanism lays a solid foundation for effectively resolving disputes among members of the World Trade Organization (WTO). From the over 100 disputes handled by the WTO Dispute Settlement Body (DSB) in the past three years, it is evident that the new mechanism is indeed superior to the old one. It has successfully resolved more than ten disputes, including several cases involving members with significant global influence. It effectively serves as the "safety valve" of the multilateral trading system. Based on a wealth of novel and comprehensive materials, this book provides a detailed analysis and review of the operational mechanisms of the WTO dispute settlement system, including the Dispute Settlement Body, dispute settlement principles, dispute settlement procedures, and more. It also offers constructive suggestions on how developing countries should utilize the WTO dispute settlement mechanism, particularly how China can leverage this mechanism under current circumstances. This book serves as a valuable reference for the foreign economic and trade community in China to resolve international trade disputes in the future.