Open AccessGoing Bananas: A Glimpse into WTO’s Dispute Settlement Mechanism
Author(s) -
Kawal Gill,
Panya Baldia
Publication year - 2018
Publication title -
focus : journal of international business
Language(s) - English
Resource type - Journals
eISSN - 2395-258X
pISSN - 2347-4459
DOI - 10.17492/focus.v5i01.13135
Subject(s) - judgement , settlement (finance) , european court of justice , mechanism (biology) , dispute mechanism , international trade , dispute resolution , political science , verdict , law and economics , law , business , economics , european union law , alternative dispute resolution , european union , payment , philosophy , finance , epistemology
The paper seeks to comment on the efficiency and fairness of the World Trade Organization by examining its Dispute Settlement Mechanism. The study has attempted to achieve the same by focusing on the legal and economic analysis of ‘The European Communities – Regime for Importation, Sale and Distribution of Bananas Case’, a landmark judgement in the Dispute Settlement Body’s history that spanned two decades. The paper has analysed trade data from 1993-2016 to arrive at its conclusions and infer the legal rationale behind the verdict while scrutinizing the sectoral as well as overall economic impact of the case on the parties to the dispute.