This dispute-settlement mechanism is meant to have teeth, since a country cannot veto unfavourable rulings.
ECONOMIST: Free trade in peril
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.
WTO's dispute-settlement mechanism is not as effective as it should be.
ECONOMIST: Monkey business
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.
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WTO's dispute-settlement mechanism should China break the rules.
ECONOMIST: The real leap forward
However, both exchanges follow the same trading mechanism, trading hours, settlement process, etc.
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