Regulation on Trade Dispute

Learning Objectives

This chapter is to help students understand:

• 1. The purpose and function of the trade policy review mechanism compared with specific obligations under multilateral trade agreements;

• 2. Relation between the trade policy review mechanism and dispute settlement mechanism;

• 3. Features of dispute settlement understandings as the quasi-judicial nature;

• 4. Main principles of the dispute settlement understanding dealing with disputable issues among Member countries;

• 5. Two-tier mechanism of the WTO dispute settlement mechanism;

• 6. Features of arbitrations under the WTO dispute settlement mechanism compared with general commercial arbitration;

• 7. Panels’ rights to seek information and technical advice from experts.