Dispute Settlement Body Functions in WTO

Dispute Settlement Body Functions in WTO

In a multilateral agreement like trade unions disputes are likely to arise due to incompliance with the rules and regulation of the union. World Trade Organization has set aside a body known as Dispute Settlement Body that tackles all disputes among the member states, or that involve violation of the binding agreement by any member. All member states are represented in the Dispute Settlement body for transparency and fairness. The aim of establishing the body was to assist maintaining peace as well as good business relations among countries that would ensure that they all benefit economically from the union as it is intended.

Dispute Settlement Body of World Trade Organization entails compulsory jurisdiction that contains a…