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    International Trade Law Synopsis

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    gaurav singh
    The document discusses the World Trade Organization's (WTO) dispute settlement mechanism. It begins with background on the development of international trade regulation from the classical era through the establishment of the General Agreement on Tariffs and Trade (GATT) and later the WTO. The research objectives are outlined as understanding the WTO dispute settlement process, analyzing WTO dispute settlement critically, and understanding how it differs from dispute settlement under GATT. The hypothesis is presented that the WTO dispute settlement body decides trade disputes between nations according to the Dispute Settlement Understanding and covered agreements, building upon but improving the previous GATT system. Key research questions are also listed.

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    International Trade Law Synopsis

    Uploaded by

    gaurav singh
    705 views4 pages
    The document discusses the World Trade Organization's (WTO) dispute settlement mechanism. It begins with background on the development of international trade regulation from the classical era through the establishment of the General Agreement on Tariffs and Trade (GATT) and later the WTO. The research objectives are outlined as understanding the WTO dispute settlement process, analyzing WTO dispute settlement critically, and understanding how it differs from dispute settlement under GATT. The hypothesis is presented that the WTO dispute settlement body decides trade disputes between nations according to the Dispute Settlement Understanding and covered agreements, building upon but improving the previous GATT system. Key research questions are also listed.

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    International trade law synopsis

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    The document discusses the World Trade Organization's (WTO) dispute settlement mechanism. It begins with background on the development of international trade regulation from the classical era through the establishment of the General Agreement on Tariffs and Trade (GATT) and later the WTO. The research objectives are outlined as understanding the WTO dispute settlement process, analyzing WTO dispute settlement critically, and understanding how it differs from dispute settlement under GATT. The hypothesis is presented that the WTO dispute settlement body decides trade disputes between nations according to the Dispute Settlement Understanding and covered agreements, building upon but improving the previous GATT system. Key research questions are also listed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    705 views4 pages

    International Trade Law Synopsis

    Uploaded by

    gaurav singh
    The document discusses the World Trade Organization's (WTO) dispute settlement mechanism. It begins with background on the development of international trade regulation from the classical era through the establishment of the General Agreement on Tariffs and Trade (GATT) and later the WTO. The research objectives are outlined as understanding the WTO dispute settlement process, analyzing WTO dispute settlement critically, and understanding how it differs from dispute settlement under GATT. The hypothesis is presented that the WTO dispute settlement body decides trade disputes between nations according to the Dispute Settlement Understanding and covered agreements, building upon but improving the previous GATT system. Key research questions are also listed.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    NATIONAL LAW INSTITUTE UNIVERSITY BHOPAL

    INTERNATIONAL TRADE LAW

    SYNOPSIS ON:

    WTO DISPUTE SETTLEMENT MECHANISM

    SUBMITTED TO: SUBMITTED BY:

    Dr. Monica Raje Gaurav Singh

    Associate Professor 2018BALLB34

    Page | 1
    INTRODUCTION

    Economy of a nation depends heavily on the trade and commercial activities within and
    outside its jurisdictions. Jurisprudence of trade in the classical era was that there should be no
    restriction and there was no state to control the affairs over trade. But with the industrial
    revolution, it was felt by majority nations that the trade between two individuals having
    consequence in the income of the nation as whole and needs to be regulated with their own
    laws and external agencies. Trade between two individuals belongs to a same nation can be
    regulated by the law of that particular nation. But with regard the commercial transactions
    between nations, there was no uniform mechanism or a body to systemize the international
    trade, particularly when it comes a dispute between the parties or states. Immediately after the
    World War II, negotiations between large counts of nation were initiated in the year 1944 at
    Bretton Woods to form a body and treaty to coordinate international trade and successfully
    concluded with the preparation of multilateral treaty with the General Agreement on Tariffs
    and Trade in the Geneva meetings, 1947 and the GATT provisionally came into effect from
    January 1, 1948. At the same time the attempt to establish an international body called
    International Trade Organization was completed with the charter but failed to exist as it was
    not adopted by the United States of America’s congress which was an important arm intended
    in creating such an international body. From then, GATT was the only international
    instrument administering international trade until 1995 when World Trade Organization was
    established.

    STATEMENT OF PROBLEM

    World Trade Organisation (WTO), is an organisation which regulate international trade


    between nation and reduce tariffs and other trade barrier. What would be procedure of wto to
    settled dispute between two country.

    RESEARCH OBJECTIVES

    Following are the objectives of this project-

     To understand dispute settlement mechanism of WTO.


     To critically analysis dispute settlement of WTO.
    Page | 2
     To understand dispute settlement of WTO over GATT.

    HYPOTHESIS

    WTO is the central pillar of the multilateral trading system. The dispute settlement body of
    the WTO is deciding the trade disputes between nations following the dispute settlement
    understanding and the covered agreements. The existing system under GATT, 1947 was
    renewed with the separate body called dispute settlement body. The cases decided by the
    body and the problems with the settlement proceedings were analysed in this article.

    RESEARCH QUESTIONS

    The primary objective of the present work-

     What is the dispute settlement of WTO over GATT?

     What is the procedure to be by the Dispute Settlement Body?

     What is the analysis of cases filed by the Less Developed Countries and India in
    Dispute Settlement Body?

     What are the Critics of the Dispute Settlement Body?

    RESEARCH METHODOLOGY

    The present study has adopted the doctrinal method study

    REVIEW OF LITERATURE

     International Trade Law by Ishita Chatterjee, 2nd edition, an attempt has been made to
    deal with almost all the aspects of International Trade Law. -The present book
    discusses important and relevant information related to GATT and its related
    controversial and non-controversial agreements together with WTO in precise and
    lucid manner.
     International Trade Law by Dr. S.K. Myneni. One of the best for international trade
    law. It explains basic of international trade laws in easier and understandable
    language with important cases laws.

    Page | 3
    Page | 4

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