Essays on the World Trade Organization DisputeSettlement Understanding

The World Trade Organization (WTO) dispute settlementsystem can be viewed as a major achievement of the1986 Uruguay Round. Especially in the ongoing disputesettlement understanding (DSU) review, WTO membercountries have raised many issues, suggestions, andrequests that promise to further improve thefunctioning of the dispute settlement system. Many ofthe proposals under review concern either differentkinds of remedies that can be awarded as a responseto a violation, or the access of member countries tothe dispute settlement process.From the proposals that have been submitted over theyears, two requests stand out and deserve particularattention since their potential effects are complexand unexplored: Mexico's proposal in 2002 that WTOretaliation rights should be made tradable, and therequest for increased third party participation indisputes. This book examines these two issues indetail and provides answers on whether and how theright to retaliate can be made tradable, and how theparticipation of WTO member countries as thirdparties to a trade dispute can affect the likelihoodof settlement.

Autorentext

Henric A. Adey; Ph.D.: Economics, Georgetown University; M.A.: Economics, Georgetown University; M.Sc.: Finance and Economics, London School of Economics and Political Science; B.Sc.: Economics and Accounting, University of Bristol. Transfer Pricing Economist at PricewaterhouseCoopers LLP, Philadelphia.

Klappentext
The World Trade Organization (WTO) dispute settlement system can be viewed as a major achievement of the 1986 Uruguay Round. Especially in the ongoing dispute settlement understanding (DSU) review, WTO member countries have raised many issues, suggestions, and requests that promise to further improve the functioning of the dispute settlement system. Many of the proposals under review concern either different kinds of remedies that can be awarded as a response to a violation, or the access of member countries to the dispute settlement process. From the proposals that have been submitted over the years, two requests stand out and deserve particular attention since their potential effects are complex and unexplored: Mexico's proposal in 2002 that WTO retaliation rights should be made tradable, and the request for increased third party participation in disputes. This book examines these two issues in detail and provides answers on whether and how the right to retaliate can be made tradable, and how the participation of WTO member countries as third parties to a trade dispute can affect the likelihood of settlement.