WTO Dispute Settlement and Food and Agricultural Trade
International trade agreements are formal accords under international law involving two or more countries. Multilateral trade agreements are negotiated by the members of the World Trade Organization (WTO) and set out rules and regulations for the conduct of international trade among the majority (164) of sovereign nation states (about 164). All WTO members must agree to the negotiated trade provisions and are required to define specific commitments in national legislation to insure consistency with the rules. Similar procedures are followed for regional and bilateral – also known as “preferential” – trade agreements. If a party to an international trade agreement violates any of the commitments it has made, other parties may seek redress through the organization governing the agreement. To handle these situations, trade agreements include procedures for dispute settlement that usually...
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