Trade Dispute Under WTO Article
In this paper the trends and features of trade disputes initiated at the WTO Dispute Settlement Body during 1995-2003 are evaluated and the disputes are related to world trade. The analysis reveals a large number of disputes as on certain widely debated or controversial issues such as Trade Related Aspects of Intellectual Property Rights (TRIPS) and import control measures. The paper examines the disputes by category of products involved and concludes that disputes occur more often on products falling in contentious areas such as agriculture and food. The paper ends with an exploratory econometric analysis of the world trade-dispute relationship. While it finds no statistically significant casual relationship between trade and dispute, it finds traces of a mutually inverse movement in the two. [Related... ]
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