Features of the dispute resolution system of the world trade organization and its role before the member countries

Abstract

From the strengthening and complexity of international trade, agreements and organizations were born. They were in charge of regulating and directing international trade fairly and equitably across countries with different socioeconomic indexes. At first, the General Agreement on Tariffs and Trade (GATT) met this challenge, being replaced in a second moment by the World Trade Organization (WTO), the most comprehensive and dynamic supranational body as to the current needs. To circumvent the trade disputes between its members, the WTO has a dispute resolution system, whose structure consists of two jurisdictional courts, which analyze and judge cases involving commercial disputes. The system follows its own procedures similar to a legal procedure. Based on general principles and impartiality, its courts act in the sphere of the agreements, overseeing their fulfillment and delivering sentences of mandatory and binding nature. World Trade Organization - International trade - Public International Law - GATT - Declaration of Marrakech