On the Reform of WTO Dispute Settlement Mechanism and Suggestions

Abstract

WTO dispute settlement is a very important mechanism for settling international trade disputes, which plays an important role in promoting the stable development of international trade and creating a fair and just international trade environment. However, with the change of political and economic situations, dispute settlement mechanism has appeared more and more malpractice, including the lengthy and inefficient procedures, the unreasonable regulation of implementation and so on. The dispute settlement mechanism is now facing a crisis as a result of the closure of the Appellate Body. Expediting the process of reforming the dispute settlement mechanism is necessary so as to make sure that the dispute settlement mechanism remains effective in facilitating international trade. Although countries have made some suggestions, it has not reached agreement on the specific scheme of the reform. This article focuses on the issue of dispute settlement mechanism analysis and puts forward reform proposals so as to promote the further improvement of the dispute settlement mechanism.