UPSC EDITORIAL ANALYSIS : Settling trade disputes through ‘litigotiation’

Source: The Hindu Prelims:Protectionism, liberalization, WTO, GATT etc Mains GS Paper III:Government planning, mobilization of resources, LPG reforms, protectionism etc ARTICLE HIGHLIGHTS Indiaand the S. notified the World Trade Organization(WTO) of reaching a mutually agreed solution in the poultry dispute, withdrawing their respective pending WTO cases in the matter, following the settlement reached between the two countries. …

Restoring the WTO’s dispute settlement system

GS Paper 2  Syllabus: Important International Institutions, agencies and fora – their Structure, Mandate   Source: TH  Context: Since 2019, the WTO’s two-tiered dispute settlement system (DSS) remains paralysed.    About World Trade Organization (WTO): It is an (“member-driven”, “consensus-based”) intergovernmental organisation that regulates and facilitates international trade between nations. It is the world’s largest …