Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)

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The Hierarchy of Remedies Under the WTO Dispute Settlement System and Its Impact

Authors
Wei Zhang
Corresponding Author
Wei Zhang
Available Online August 2018.
DOI
10.2991/jahp-18.2018.147How to use a DOI?
Keywords
WTO; DSU; remedies; impact
Abstract

The dispute settlement system of the World Trade Organization (WTO) has been treated as the most effective mechanism in terms of international rule of law since it was born. The objective of the dispute settlement system is providing the multilateral trading system with security and predictability. There are three types of remedy under the WTO Understanding on Rules and Procedures Governing the Settlement of Disputes (commonly known as the DSU) that designed for breach of WTO law. The first one is withdrawal of the measures that are inconsistent with the WTO covered agreements, which is a final remedy. Another two remedies are temporary remedies, the compensation and suspension of concessions or other obligations under the covered agreements. This is the compliance-compensation-retaliation remedy system under the DSU of the WTO. Among these remedies, effectiveness can be seen. However, these remedies also have their own shortage, especially when the developing countries using them. The purpose of the essay is through showing the remedies under the DSU to demonstrate both the significance and deficiency of this remedy system, especially its impacts on the developed and developing countries.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
10.2991/jahp-18.2018.147
ISSN
2352-5398
DOI
10.2991/jahp-18.2018.147How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

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TY  - CONF
AU  - Wei Zhang
PY  - 2018/08
DA  - 2018/08
TI  - The Hierarchy of Remedies Under the WTO Dispute Settlement System and Its Impact
BT  - Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
PB  - Atlantis Press
SP  - 721
EP  - 725
SN  - 2352-5398
UR  - https://doi.org/10.2991/jahp-18.2018.147
DO  - 10.2991/jahp-18.2018.147
ID  - Zhang2018/08
ER  -