THE IMPORTANCE OF DISPUTE SETTLEMENT WITHIN THE FRAMEWORK OF WTO Cover Image

ЗНАЧАЈ РЈЕШАВАЊА СПОРОВА У ОКВИРУ СТО
THE IMPORTANCE OF DISPUTE SETTLEMENT WITHIN THE FRAMEWORK OF WTO

Author(s): Aleksandar Popović
Subject(s): Law, Constitution, Jurisprudence, Civil Law, International Law, Law on Economics, EU-Legislation, Commercial Law, Administrative Law
Published by: Правни факултет Универзитета у Бањој Луци
Keywords: World Trade Organisation; WTO dispute settlement system; importance of WTO dispute settlement system;

Summary/Abstract: World Trade Organization (WTO) was established as a result of acceleration of the process of globalisation and extension of the free trade principle to the system of ’’freer trade” with the aim to further the internationalisation and liberalisation of the process in the international flow of goods, services and capital, and to eliminate non-tariff and gradually tariff barriers. It was established on the grounds of a similar Agreement and began its activities on 1 January 1995. Today, WTO gathers 156 member States, contains its permanent bodies, the capacity of a legal entity with its seat in Geneva. The work and subsistance of WTO foremostly depend upon a dispute settlement system as one of the most important functions and a central element which provides security and predictability of multilateral trade system.

  • Issue Year: 2012
  • Issue No: 45
  • Page Range: 139-157
  • Page Count: 19
  • Language: Serbian
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