Abstract
International Journal of Advance Research in Multidisciplinary, 2024;2(3):582-587
Reforming the WTO Dispute Settlement Mechanism: Challenges and opportunities for developing nations
Author : Jitendra Kumar Shukla and Dr. LP Singh
Abstract
The General Agreement on Tariffs and Trade (GATT) and the International Trade Organization (ITO) were founded in the 1930s at the Bretton Woods Conference, which was a response to the enduring presence of disputes in human civilization. But because to its flaws and shortcomings, the GATT's regulations fell short for the member states that are still young. It's mostly about how to make the World Trade Organization's Dispute Settlement System more effectively. The World Trade Organization's Dispute Settlement Mechanism (DSM) is looking for a quadripartite mercantilism system that is more dependable and secure.is run by a deal called the Dispute Settlement Understanding (DSU). Dispute Settlement Understanding (DSU). Looking at the Public-Private Partnership (PPP) approach and making it better within the framework of developing nations is the primary goal of this research.
Keywords
General agreement on tariffs and trade, world trading organization, dispute settlement understanding, dispute settlement mechanism, director-general