OW EFFECTIVE IS THE DISPUTES SETTLEMENT PROCEDURE UNDER WTO
HOW EFFECTIVE IS THE DISPUTES SETTLEMENT PROCEDURE UNDER WTO
International trade is often touted as the key to progress and development for countries looking to accelerate their economic growth. However, together with the increase in number and complexity of commercial cross-border transactions will be increased in the number of disputes that are expected to materialize between parties on opposite sides of the border. Disputes settlement within a single jurisdiction is already sufficiently contentious, although the contending parties are similarly bound by the legal system in that country. International disputes settlement, however, is prone to many complicated issues as conflicts of laws at the municipal level as well as regional and global conventions come into play. The World Trade Organization disputes settlement framework encounters such controversies in the course of its implementation.
It is worthwhile creating a birdas eye-view of WTO disputes settlement and the issues that have beset it through the years. This study therefore proposes to conduct a broad review of WTO disputes settlement literature, in the course of which it intends to highlight the major issues surrounding it. A comprehensive view of these issues will shed light on the strengths and shortcomings of the WTO framework and may yield new insights into its continued relevance and viability as a tool for global development.