Abstract

AbstractThis chapter compares the dispute settlement of the World Trade Organization (WTO) and regional trade agreements (RTA). It outlines the operation of the WTO's Dispute Settlement Understanding and evaluates the results it has produced in its first decade of operation. It compares these results with the operation of RTA dispute settlement systems. This chapter concludes that RTA cannot supplant the WTO's role as a forum for trade negotiations because the existing regional agreements do not include enough major trading nations to enable deals to be struck on key global issues involving a broad range of nations with disparate interests.

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