DISPUTE SETTLEMENT SYSTEM OF THE WORLD TRADE ORGANISATION

Abstract

World Trade Organisation is an international organization that regulates trade between nations. The trade is ruled by the regulations of WTO Agreements that are negotiated and signed by nations and ratified by member states' parliaments. The main aim of the organization is to make favourable conditions for trade among the nations. It is the only organisation that is run by member states which makes the WTO unique. As the subjects of the organization are trade, agreements, and states there are misunderstandings, misinterpretations, and conflicts. Furthermore, as the main actors in the organisation are the governments disputes also refer to government-to-government. For this reason, the organization solves the disputes concerning agreements inside by its own Dispute Settlement Body and statutory regulation named Dispute Settlement Understanding that has key points. This paperwork is aimed to demonstrate the nature and scope of jurisdiction of the Dispute Settlement Mechanism of the WTO, its key features, institutions in DSB, and special regulations