What does Dispute Settlement Body mean?
The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) makes decisions on trade disputes between governments that are adjudicated by the Organization. Its decisions generally match those of the Dispute Panel.
What is the dispute settlement mechanism?
The WTO’s procedure is a mechanism which is used to settle trade dispute under the Dispute Settlement Understanding. In case any dispute arises, the ultimate duty to settle it lies in the hands of member government through Dispute Settlement Body.
What is dispute settlement panel?
Panels are the quasi-judicial bodies, in a way tribunals, in charge of adjudicating disputes between Members in the first instance. They are normally composed of three, and exceptionally five, experts selected on an ad hoc basis.
What are the objectives of dispute settlement body of the WTO?
A central objective of the (WTO) dispute settlement system is to provide security and predictability to the multilateral trading system (Article 3.2 of the DSU).
What are the types of dispute?
Introduction.
What is the role of the dispute settlement body in resolving a dispute between members?
The dispute generally arises when any member country violates any provision of WTO agreement which other member countries think unreasonable. This settlement system applies to all disputes covered under the WTO agreement. The Dispute Settlement Body (DSB) is responsible for DSU to resolve a dispute between parties.
What is the purpose of a Dispute Settlement Body?
1. The Dispute Settlement Body is hereby established to administer these rules and procedures and, except as otherwise provided in a covered agreement, the consultation and dispute settlement provisions of the covered agreements.
How does the DSB administer the dispute settlement system?
The DSB administers the dispute settlement system by establishing dispute settlement panels, referring matters to arbitration, and adopting panel, appellate body, and arbitration reports.
How does the WTO Dispute Settlement Body Work?
Institutional structure. The DSB is, in effect, a session of the General Council of the WTO: that is, all of the representatives of the WTO member governments, usually at ambassadorial level, meeting together. It decides the outcome of a trade dispute on the recommendation of a Dispute Panel and…
Who is the author of the Dispute Settlement Body?
Dispute Settlement Body Author: Denny David Read related entries on D, su1, DI, International Organisations, International Trade, Trade, Trade Policy, Trade relations, World organisation, World organisations, World Trade Organisation