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VOL. 6, ISSUE 4 (2024)
Navigating challenges and crafting solutions: A critical examination of the WTO dispute settlement system's influence on developing economies
Authors
Shamima Islam, Md Mahadi Hasan Chowdhury, Aliullah, Mohammad Waliullah Shah, Md Jobaer Alam
Abstract
The World Trade Organization (WTO) deals with the provision and regulations of commerce between nations. It is the only global international organization which looks after the cross-border trade matters. The purpose of my paper is to discuss about the obstacles that limit the participation of developing countries in the World Trade Organization’s (WTO) Dispute Settlement Body (DSB). Though Bangladesh is a least developed country it is also facing the same barriers like the other developing countries. As I am from Bangladesh, it is also a reason to research on the topic. I have discussed various things that will show the limitations of developing countries in some critical ways. In the first part of my paper, I will try to give a basic idea through the introduction, the historical overview about the international trade laws and also try to give the idea about developing country. You will find my research questions and objectives in the first part of my paper. Hopefully this will make you understand about my research searching. After that the second part will cover the constraints that limit the participation of developing Countries in WTO Dispute Settlement Proceedings, then possible solutions for the constraints and at the end recommendation will be discussed according to my topic. In the second part of my research, I will elaborately discuss the most serious limiting factors indicated and exercised by developing countries in the DSB. To implement the DSB decisions on procedural matters of the DSU (Dispute Settlement Understanding) the developing countries need more money and licit powers. Likewise, there are various critical procedural changes that the DSU dispute settlement framework should consider. The most recent legal and monetary obstacles for developing countries under the DSB have been discussed. This paper regulates the most effective solutions to handle the obstacles of developing country participation in WTO dispute settlement proceedings. If the WTO really consider the solutions, I have given through the paper the framework of WTO will be more beneficial for developing countries in settlement disputes. It will help the developing countries to have a better trade relation with the world and have a better future which leads to better life. Likewise, it attempts to show the importance of changing the DSU. Additionally, it will also attempt to make progress for developing country utilization of the WTO DSB. So, in the recommendation section I will make some suggestions if we can set them up in the DSB and practice it in our real life, hopefully developing countries and least developed countries can overcome their problem (Alotaibi, 2011; Bown & Hoekman, 2005; Brewster, 2011; Davey, 2000; Footer, 2001; Hudec, 1993) [4, 5, 11, 12, 19, 25, 32]. I had divided the paper in six-chapter, chapter One: Introduction, second: Historical Review of World Trade Organization, third: An Overview of Developing Countries, four: The constraints that limit the participation of developing Countries in WTO Dispute Settlement Proceedings, five: Possible solutions for the constraints that limit the participation of developing countries in WTO Dispute Settlement System, and Six: Conclusion and Recommendation
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Pages:76-86
How to cite this article:
Shamima Islam, Md Mahadi Hasan Chowdhury, Aliullah, Mohammad Waliullah Shah, Md Jobaer Alam "Navigating challenges and crafting solutions: A critical examination of the WTO dispute settlement system's influence on developing economies". International Journal of Law, Policy and Social Review, Vol 6, Issue 4, 2024, Pages 76-86
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