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Dispute Resolution Mechanisms

In: The World Trade Organization and the Environment

Author

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  • P. K. Rao

    (Center for Development Research)

Abstract

Perhaps the most significant improvement of the WTO over the GATT 1947 is its dispute settlement understanding (DSU). The GATT clauses for trade disputes settlement were too vague and too brief: contained in three precious paragraphs. The DSU, spelled out in 40 pages, incorporates several new dimensions such as the role of rules that cannot be vetoed by a single member country, clear schedules and time-bound actions in processing disputes and their effective compliance, recognition of the role of customary international public law and provision of measures to compensate members for adverse impacts of any trade policy violation by one or more measures. The DSU was expected to contribute toward security and predictability to the multilateral trading systems.

Suggested Citation

  • P. K. Rao, 2000. "Dispute Resolution Mechanisms," Palgrave Macmillan Books, in: The World Trade Organization and the Environment, chapter 6, pages 119-137, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-99395-8_6
    DOI: 10.1057/9780333993958_6
    as

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