Dispute Settlement Understanding
/ˈdɪspjuːt ˈsɛtlmənt ˌʌndərˈstændɪŋ/
Definitions
- (n.) An international agreement under the World Trade Organization establishing rules and procedures for resolving trade disputes between member countries.
The Dispute Settlement Understanding helps ensure that trade disagreements are resolved fairly and transparently.
Forms
- dispute settlement understanding
Related terms
See also
Commentary
The term specifically refers to the WTO mechanism and should not be confused with general dispute resolution concepts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.