alleryStart learning →What feature of the WTO dispute settlement procedure is highlighted?
AIt resolves disputes under strict time limits
BIt hears only disputes raised by developing nations
CIt requires all members to agree before it can rule
DIt applies only to disputes about agricultural goods
Answer & Solution
Correct answer: A. It resolves disputes under strict time limits
1. The WTO has emerged as the most powerful institution for reducing trade barriers.
2. Part of that strength is an effective dispute settlement procedure.
3. That procedure works under strict time limits for resolving disputes.
4. Members bringing cases both win and lose, so the process is not tilted to one group.
5. Disputes span aviation, vehicles, fishing and many other sectors rather than agriculture alone.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.4 Fostering Global Trade_
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