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Resolution in international trade - Dissertation Example

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This paper "Resolution in international trade" represents a proposal for a study regarding a resolution in international trade. The aims of this study is to present the overall framework and the role of GATT in the resolution of international trade disputes…
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Resolution in international trade
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Download file to see previous pages The research methodology used for this study will be aligned with the nature of the study, as a legal research paper. In this context, the research required for the development of this paper will have two different forms: a) literature review, i.e. review of the academic studies (books, journals and so on) published on the issues under discussion and b) case studies analysis, i.e. review of the case law related to the specific subject.
Since its introduction, GATT helped towards the expansion of international trade law framework; however, through the years, the specific system was proved inadequate for the conflicts developed in international trade agreements. It was probably the fact that the international political and economic climate had changed and new needs were developed in regard to the settlement of disputes related to international trade. The above fact is made clear through the study of Davey (2006) where reference is made to the effectiveness of GATT in ‘dispute related to agricultural trade products’ (Davey, 2006, p. 185). Despite the fact that GATT has been highly related to the specific sector, still its rules where not adequately enforced in disputes developed in the particular field (Davey, 2006, p. 185). Another important weakness of GATT was the fact that it did not offer ‘development-specific provisions’ – actually, it is noted that up to 1960s only two such provisions could be identified in GATT - and that its decisions ‘were taken by consensus’. ...Download file to see next pages Read More
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