Dispute settlement in the World Trade Organization | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-06-16

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Dispute_settlement_in_the_World_Trade_Organization


00:01:54 1 Dispute Settlement Understanding
00:04:39 2 From complaint to final report
00:08:40 3 WTO Appellate Body
00:10:35 4 Compliance
00:12:23 5 Compensation and retaliation
00:15:22 6 Developing countries
00:18:07 7 WTO bias
00:19:08 8 Timing of trade disputes
00:19:52 9 See also



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SUMMARY
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Dispute settlement or dispute settlement system (DSS) is regarded by the World Trade Organization (WTO) as the central pillar of the multilateral trading system, and as the organization's "unique contribution to the stability of the global economy". A dispute arises when one member country adopts a trade policy measure or takes some action that one or more fellow members considers to be a breach of WTO agreements or to be a failure to live up to obligations. By joining the WTO, member countries have agreed that if they believe fellow members are in violation of trade rules, they will use the multilateral system of settling disputes instead of taking action unilaterally — this entails abiding by agreed procedures—Dispute Settlement Understanding—and respecting judgments, primarily of the Dispute Settlement Board (DSB), the WTO organ responsible for adjudication of disputes. A former WTO Director-General characterized the WTO dispute settlement system as "the most active international adjudicative mechanism in the world today." Chad P. Bown of the Peterson Institute for International Economics and Petros Mavroidis of Columbia Law School remarked on the 20th anniversary of the dispute settlement system that the system is "going strong" and that "there is no sign of weakening".