Dispute Settlement System in the World Trade Organisation - Research Paper Example

Through the platform, the essay further aims to promote informed discussions on the changes that need to be instituted in the system before it becomes too oppressive. A number of sources have been quoted claiming that the World Trade Organisation and the Uruguay Round agreements have concentrated on the plight of the developing world only as cited in2. Similarly, reports by3 claim that “the disagreement resolution method is currently unique and low key and is hence viewed mainly in terms of a purely legalistic approach rather than holistic”.

In connection to these claims, the author has gone a step further to address the publicly emerging controversies surrounding the said method in the World Trade Organisation by looking at the holistic aspect as well.Study findings have variously demonstrated that the World Trade Organisation is responsible for carrying out a number of activities to regulate trade between nations. The organization is particularly crucial in protecting countries that are considered less advanced against the oppressive practices of the so-called ‘developed nations’.

According to works by4, the WTO is quoted to be the sole overall global establishment that has viable standards and regulations to control dealings between states. Additionally, 5claims that at the heart of WTO are accords settled upon and adopted by the majority of transacting nations across the world. The same agreements are then sanctioned in the concerned countries’ assemblies in line with laid down policies. The WTO has been in the forefront to assist manufacturers, exporting and importing agents alike to transact business amicably with minimum disputes6.