Wto Dispute Settlement Mechanism Compared to American Arbitration System

Published: 2021-06-29 07:06:34
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A LOOK AT THE WORLD TRADE ORGANIZATION'S DISPUTE SETTLEMENT MECHANISM AS COMPARED TO ARBITRATIONAL SYSTEM OF DISPUTE RESOLUTION



OVERVIEW

This paper is a look into the World Trade Organization's method of international alternate dispute resolution as compared and contrasted to the United State's arbitrational system of alternate dispute resolution. Section I is an overview of the World Trade Organization and the Dispute Settlement Understanding which governs the dispute settlement process. Section II will explore the different stages of the World Trade Organization's dispute settlement process. Section III will compare and contrast the World Trade Organization's dispute settlement process with that of arbitrational system as backed by the Federal Arbitration Act. Finally in section IV draws the conclusion that the World Organization's alternate dispute resolution mechanism does bare similar characteristics to the arbitrational dispute resolution system.


I. AN OVERVIEW OF THE WORLD TRADE ORGANIZATION AND THE DISPUTE SETTLEMENT UNDERSTANDING

The WTO is an organization for liberalizing trade and maintaining trade barriers. Their purpose is for trade to flow freely without any adverse side effects all across the world. The WTO also provides a forum for its government Members to negotiate trade agreements as well as settle their disputes. The institution of the WTO shifted "the governance of international trade disputes from the General Agreement on Tariffs and Trade's (GATT) fundamentally power-oriented system to one based more on rules and third-party" determination.
The Uruguay Round of multilateral trade negotiations lasted from 1986 to 1994 and resulted in the establishment of the World Trade Organization (WTO), which became effective on January 7, 1995. The WTO has replaced the GATT as an international organization, however the WTO's "dispute settlement system is built on the pre-existing GATT regime. The WTO Agreements has gone beyond the scope GATT Agreements to include the trade of goods, services, and intellectual property.
The WTO Agreements are The Agreements Establishing the WTO and are said to be the heart of the WTO. The WTO Agreements are the result of Member negotiations and provide the legal ground-rules for international commerce. The WTO derives its authority from the Agreements Establishing the WTO, which is binding on all members. The rules are actually enforced by "the members themselves under agreed procedures that they negotiated, including the possibility of sanctions." By becoming a signatory of the WTO, the government Members are agreeing to abide by the substantive obligations under the WTO agreements, including the dispute settlement rules and procedures found in Annex 2 of the Dispute Settlement Understanding (DSU).
The DSU is the primary legal means of settling international trade related disputes between Members . The goal of the DSU is to provide security and predictability to the multilateral trading system . The DSU offers a process based on clearly defined rules with timetables for completion and binding adjudication along with retaliatory measures. It normally takes about one year for a case to reach a first ruling by a panel and about fifteen months if the case is appealed. But first disputing Members must undergo consultations for at least sixty days and if that fails then either party may request the establishment of a panel, whose rulings are automatically adopted unless rejected by a consensus. Fortunately appeals on issues of law are available to either of the disputing parties.

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