The GATT dispute settlement mechanism: its present situation and its prospects
Article Abstract:
When GATT was first constituted, there was no specific dispute settlement mechanism. The signatories, or contracting parties, operated by passing resolutions. In 1979 during the Tokyo Round, an Understanding on Dispute Settlement was formulated, which was followed by Ministerial Declarations in 1982 and 1984. The process has been refined to one of a hearing before a three member panel, followed by a report stating recommendations. The authority of the report exists through the agreement of the contracting parties, not as unilateral action. Changes are being negotiated during the Uruguay Round.
Publication Name: Journal of World Trade (Law-Economics-Public Policy)
Subject: Political science
ISSN: 1011-6702
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Voluntary eco-labelling programmes and questions of state responsibility in the WTO/GATT legal system
Article Abstract:
Voluntary eco-labelling programs, such as in the European Union, are opposed by many nations because of concerns about nullified tariff concessions and unbalanced export and market opportunities. The tariff question is uncertain because some of the programs existed when the agreements were made but the competitive relationship question appears to fulfill the non-violation complaint requirements in the GATT. Therefore, new standards need to be adopted to prevent trade conflicts.
Publication Name: Journal of World Trade (Law-Economics-Public Policy)
Subject: Political science
ISSN: 1011-6702
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Balance-of-payment provisions in the GATT and NAFTA
Article Abstract:
The Uruguay round of the North American Free Trade Agreement has changed balance-of-payment provisions (BOPs) of the General Agreement on Tariffs and Trade. These changes allowed the International Monetary Fund and the BOPs to solve problems regarding external account imbalances that may result to a monetary crisis. BOPs can help strengthen the financial system in the light of deregulations in the monetary market.
Publication Name: Journal of World Trade (Law-Economics-Public Policy)
Subject: Political science
ISSN: 1011-6702
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The new WTO dispute settlement system; the impact on the European Community. Trade in telecommunications services: Doha and beyond
- Abstracts: GATT and the Trade Policy Review Mechanism: further reflections on earlier reflections. Book Review: Trade, Environment and the Millennium
- Abstracts: Municipal forecasting practice: "demand" and "supply" side perspectives. Recruitment and selection in North Carolina: a profile of municipal personnel practices (1)
- Abstracts: Central American democratization and the international economy. C.L.R. James and the gospel of American modernity
- Abstracts: Technology, change, and the emerging international order. Britain and the New European order. "Come home America," the new world order, and the 1992 election