Open AccessNote: Understanding on Rules and Procedures Governing the Settlement of Disputes: A Developing Countries Perspective
Author(s) -
Somesh K. Mathur
Publication year - 2006
Publication title -
the lahore journal of economics
Language(s) - English
Resource type - Journals
eISSN - 1811-5446
pISSN - 1811-5438
DOI - 10.35536/lje.2006.v11.i2.a10
Subject(s) - damages , settlement (finance) , perspective (graphical) , order (exchange) , work (physics) , economics , process (computing) , law and economics , law , political science , finance , computer science , engineering , mechanical engineering , artificial intelligence , payment , operating system
This note discusses the workings of the Dispute Settlement Process (DSP) of the WTO, and the major problems concerning the implementation of decisions in the DSP. It provides some suggestions in order for the DSP to work for the benefit of all. It maintains that the ability to extend dispute settlement across agreements is one of the strengths of the World Trade Organization. The author concludes that substantial reform can be undertaken in the DSP if concerted efforts are made to quantify economic damages for working out the suspension of concessions.