IPU Hosts Workshop on WTO & Dispute Settlement
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International Economic Law and International Relations Cell of the University School of Law and Legal Studies, IP University hosted a workshop on WTO and Dispute Settlement presented by Ms. Vishakha Srivastava, Senior Research Fellow (Legal) at Center of WTO Studies, Ministry of Commerce, Government of India.
This insightful session provided participants with an in-depth understanding of the functioning of the World Trade Organization (WTO) and its dispute settlement mechanism.
Through interactive session attendees gained valuable insights into the legal framework governing international trade disputes and the role of the WTO in resolving them.
In this event, the structure , organisation, functions and more importantly the appellate body crisis was discussed.The panel provided the audience with their unique insights and answered the questions sincerely.
The event concluded with the panel enriching the audience with the contemporary issue of the paralyzed body of the appellate body of WTO.
Professor Dr. Queeny Pradhan, Dean, USLLS appealed for more Collaborative workshops with Ms. Srivastava. Mr. Shivam provided background about the event. WTO not only has a theoretical perspective but also practical, and therefore with the whole of the law department. Ms.Srivastava sheds light onto the dispute settlement mechanism of WTO through her presentation titled- “Crown Jewel of the WTO”.
The WTO’s dispute settlement mechanism, known as the “Crown Jewel of the WTO,” is a rule-based system, with consensus among all members for enforcement of rules and regulations. It is the only forum with exclusive jurisdiction of trade, where countries can come for resolution.
The WTO was established in 1995 and handles technical regulations in certain aspects of disputes as they can be a barrier to trade. It consists of close to 60 agreements, annexes, decisions, and understandings, with six main points: umbrella agreements, GATT, and the WTO itself. The WTO’s functions include trade agreements, a forum for trade negotiation, and handling trade disputes.
