The dispute settlement mechanism recently established at the WTO should be given far more power to resolve conflicts.
CNN: ASHIMOTO RYUTARO IS THE TOUGH GUY OF JAPANESE TRADE TALKS.
Everybody would profit were a new round to yield an improved dispute settlement system, as well as new rules for the management, transparency and adequate funding of the WTO.
On Monday the WTO's dispute settlement body gave final authorisation for Antigua to sell movies, music, games and software via a store that would be able to ignore US copyright and trademark claims.
He argues that China's inclusion in the WTO, and hence permanent normal trade relations with the U.S., is good for both sides because trade disputes can be resolved through an impartial dispute settlement mechanism.
Officials from the Antiguan government will make their plea before the WTO's dispute settlement body on Monday to get "final authorisation" to set up the site, Mark Mendel, a lawyer representing the island nation told the BBC.
Earlier this year, the Commission reached an agreement with the U.S. that a system based on safe harbor principles did represent adequate levels of data privacy, after the U.S. administration agreed to reinforce consumer access rights and set up dispute settlement procedures for consumers.
Although some U.S. complaints about Chinese trade and economic policies are legitimate and probably worth deploying the resources to resolve (including through dispute settlement in the World Trade Organization), other complaints are bogus because there is no violation of an agreement or because the United States is guilty of the same infractions.
By 1998, the Mexicans had had enough, and brought a formal complaint under the NAFTA dispute settlement system, and in 2001, prevailed with a unanimous panel decision that found the United States in violation of the agreement, and ruled that Mexican trucks meeting U.S. safety standards had to be given access to the U.S. market.
FORBES: Mexico Is Right To Retaliate Over U.S. Ban On Mexican Trucks
WTO's dispute-settlement procedures also need urgent overhaul to stop such rows festering in future.
This dispute-settlement mechanism is meant to have teeth, since a country cannot veto unfavourable rulings.
This applies to the new dispute-settlement rules as much as to anything else: every member government has agreed to them as well.
They even agreed to set up a monitoring group, to check whether members are living up to their commitments, and a dispute-settlement procedure.
WTO's dispute-settlement mechanism is not as effective as it should be.
Accountancy and methods of dispute-settlement are still in their infancy.
The last round of direct talks between Israel and the Palestinians broke down in late 2010 following a dispute over settlement construction in the West Bank and East Jerusalem.
But without the risk of a dispute-settlement case, other countries would feel free to maintain whatever trade barriers they liked against imports from the recalcitrant country, or even to put up some new ones.
WTO's dispute-settlement mechanism should China break the rules.
Stanley did not testify in order to dispute of the settlement of the innocent spouse issue that Tomi had reached with the Secretary.
That dispute ended in a settlement that required the company to change their social media policy in February.
However, most people involved in the dispute believe that a settlement is likely.
Another roadblock to a peace settlement was a dispute over a small piece of government-held territory in northern Bosnia.
Mr Singh is keen to show both Kashmiris and Pakistan that he is sincere in seeking a settlement of the dispute.
ECONOMIST: What peace process? Kashmiris are entitled to ask
Settlement of the dispute, which both sides say is overdue, could be the official cue for a wave of Japanese investment.
ECONOMIST: Russia does not exactly soar in its Asian backyard
Obviously, a ban on selling smartphones would be a huge blow to RIM, but it would be safe to assume the company will work out a settlement to the dispute that would provide additional royalty revenue to Nokia.
FORBES: Nokia Wins Ruling Vs RIM; Could Trigger Bar On BB Phones
But none of this necessarily means that thinking has changed enough to keep talks going once started, let alone to produce a settlement to a dispute that has brought about two wars and a 12-year insurgency involving some 35, 000 deaths.
The settlement of the border dispute with Russia has also boosted exploration efforts.
FORBES: Arctic Chill As Norway And Transocean Try To Offset Production Declines
And Turkey, which has yet to receive the go-ahead even to begin negotiations, was dismayed that the commission linked its membership to a settlement of the Cyprus dispute.
The airline asked why, if strike-breaking was the aim, it had involved the TUC and the conciliation service Acas to try to reach a negotiated settlement with the union in the dispute with cabin crew.
Merrill Lynch and the lead plaintiffs in a class action involving about 70 municipal pension plans in Florida together filed a proposed settlement recently seeking to end a dispute over whether the wirehouse breached its fiduciary duties as the investment consultant to these pensions.
FORBES: Failure to Heed Early Warnings Led to First Bankruptcy of U.S. Public Pension
应用推荐