Sequence the following different settlement stages of the WTO dispute settlement System. A. Retaliation B. Implementation C. Panel Review D. Appellate E. Consultations Choose the correct answer from the options given below:
E, C, D, B, A
The World Trade Organization (WTO) provides a structured system for resolving trade disputes between its member countries. This system is crucial for enforcing trade rules and ensuring that trade flows smoothly. The process involves several distinct stages, which must be followed in a specific sequence.
Let's break down the typical stages of a WTO dispute settlement case and arrange them in the correct order:
Based on this process, the correct sequence of the given stages is:
Therefore, the correct sequence is E, C, D, B, A.
To summarize the steps for sequencing the WTO dispute settlement stages:
Following these steps leads to the sequence: Consultations → Panel Review → Appellate Review → Implementation → Retaliation.
| Stage Name | Code | Position in Sequence |
|---|---|---|
| Consultations | E | 1st |
| Panel Review | C | 2nd |
| Appellate | D | 3rd |
| Implementation | B | 4th |
| Retaliation | A | 5th |
Comparing this sequence (E, C, D, B, A) with the options provided confirms the correct order.
| Stage | Purpose | Outcome |
|---|---|---|
| Consultations (E) | Attempt to resolve dispute amicably | Agreement reached, or failure leading to Panel Review |
| Panel Review (C) | Independent examination of the case | Panel report with findings and recommendations |
| Appellate (D) | Review of legal aspects of panel report | Appellate Body report (final ruling on legal issues) |
| Implementation (B) | Losing party complies with ruling/recommendations | Measure changed to comply with WTO rules, or non-compliance |
| Retaliation (A) | Authorization for trade sanctions if implementation fails | Complaining party imposes measures, or compensation is agreed |
The WTO's dispute settlement system is often referred to as the "backbone" of the multilateral trading system. Here are some important points:
The Government of India appointed ______ as the country's G20 Sherpa in September 2021.
Which of the following countries/territories is not a member of the WTO?
Arrange the following countries in the ascending order of their contribution to the WTO budget 2020:
(A) China
(B) Japan
(C) Germany
(D) United States of America
(E) United Kingdom
Choose the correct answer from the options given below:
After 10 years of deadlock, European Union (EU) is ready to negotiate with India in WTO on which issue related to food security?
Identify the principles of trade policy framework from the followings under the WTO:
(A) Reciprocity and transparent
(B) Benefactory and resilient
(C) Non-discriminatory
(D) Binding and enforceable commitments
(E) Protective and benevolent
Choose the correct answer from the options given below: