World Trade Organization Dispute Settlement Understanding
/ˈwɜrld treɪd ˌɔːrɡənaɪˈzeɪʃən dɪˈspjuːt ˈsɛtlmənt ˌʌndərˈstændɪŋ/
Definitions
- (n.) An international legal framework established under the World Trade Organization (WTO) governing the resolution of trade disputes among member states through consultation, adjudication, and enforcement mechanisms.
The parties relied on the World Trade Organization Dispute Settlement Understanding to resolve their trade disagreement.
Forms
- world trade organization dispute settlement understanding
Related terms
See also
Commentary
Often abbreviated as DSU, this Understanding is crucial for ensuring compliance and stability within the global trading system by providing structured procedures for settling disputes.
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.