Settlement of Commercial Disputes in the World Trade Organization (WTO)

Abstract

The WTO Dispute Settlement Body is the cornerstone of the multilateral trading system. It is instrumental in stabilizing the global economy, it is a tool for resolving disputes and enforcing rules related to the organization, and makes the trading system safer and predictable. This system is based on clearly defined rules with a timetable for the hearing of the case.But this does not prevent the existence of disadvantages related to this body in terms of the way it operates and the threats related to the termination of the presence of the Appeal, which in turn may lead to the failure of the global system for the settlement of trade disputes between the countries of the world.

Keywords: commercial disputes, World Trade Organization, WTO.

DOI: 10.7176/JLPG/91-12

Publication date: November 30^th 2019