Open Access Research Article
THE ROLE OF WTO IN REGULATING INTERNATIONAL TRADE DISPUTES
Abstract
Any
disagreement in the world needs an impartial third party to mediate a
settlement between them. What occurs when two nations disagree over a trade
issue? Who will foresee these discussions? At that point, an independent body
known as the World Trade Organisation (WTO) takes over. The WTO plays a central
role in regulating International trade disputes through its Dispute Settlement
Understanding (DSU), which is often described as the backbone of multilateral
trading system. This project seeks to examine the legal and strategic
implications of the WTO dispute settlement mechanism and its influence on the
global market competition and International business behaviour. It also aims to
bridge legal analysis under Competition Law with managerial and strategic
perspectives from international business studies.
The study
analyses how WTO rulings address anti-competitive practices such as unjust
subsidies and discriminatory tariffs, highlighting fundamental principles
including Most-Favoured-Nation treatment and National Treatment to promote
equitable international trade. It assesses the efficacy of the WTO Appellate
Body in light of recent challenges. The study employs secondary sources to analyse
important disputes, such as the Boeing–Airbus disagreement, US-China disputes,
evaluating legal arguments and their economic ramifications for multinational
firms.
The
conclusion presents guidelines for firms to manage regulatory risks and
suggests improvements to improve the WTO's dispute resolution system,
highlighting its continued importance in global market competition.
Published Paper
Author Details
Authors: PRIYANKA RRegistration ID: 1013394 | Published Paper ID: IJLRA13394Approved ISSN: 2582-6433 | Country: Delhi, IndiaPage No.: 1561-1575
Article Information
THE ROLE OF WTO IN REGULATING INTERNATIONAL TRADE DISPUTES
Authors: PRIYANKA R
- Journal IJLRA
- ISSN 2582-6433
- Volume 3
- Issue 7
About Journal
International Journal for Legal Research and Analysis
- AbbreviationIJLRA
- ISSN2582-6433
- AccessOpen Access
- LicenseCC 4.0
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