Dispute Settlement Rules and Developing Countries

WTO’S dispute settlement rules can be a quite novel worldwide jurisdictional process within this regard. Although the final Agreement on contract deals and trade GATT), the precursor on the WTO, also got this feature, it’s the uniqueness of this WTO regime that clearly draws the line of difference between the 2 regimes. Toeing the reputable quasi-judicial authority under the WTO, the dispute settlement rules performs in accordance with a defined list of rules and procedures. Starting with filing a credit application for consultation, a number has to pass through a series regarding legal proceedings until the final rulings is actually implemented. The different phases of WTO DSB procedures are briefly reviewed here.