Dispute Settlement System at the WTO

Today the World Trade Organization plays a very significant role in the procedure for creating an international association between countries and is popular in the field of international trade. It takes a large number of decisions, which later play an important role in the field of international trade relations. It should be noted that an equally important function for WTO law is the WTO dispute settlement system. Now 164 countries are WTO members. The subject of regulation of trade disputes are WTO agreements, thus, States have disputes over the proper observance of contract terms by the parties. During the Uruguay Round of negotiations, members (members of WTO are not only states but also customs territories) of the World Trade Organization introduced a new system for resolving trade disputes. The practical part of this paper work is that the theoretical issues discussed provide an opportunity to evaluate the work of the WTO dispute settlement mechanism and the implementation of Dispute settlement Body solutions in practice. Honestly, successes created by the WTO dispute settlement system, it should be noted that, for example, 2014 has become one of the most active since the creation of the WTO in 1995, being marked by the creation of thirty-four dispute resolution groups, conciliation and arbitration procedures, as well as six complaints to the appellate body. The WTO system of law has its own mechanism for resolving disputes between the member states of the organisation, which functions effectively. The active use of the WTO dispute settlement mechanism by Member States proves that the member countries trust this dispute resolution system.