India-US successfully resolve all seven pending WTO disputes bilaterally | Current Affairs | Vision IAS
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    India-US successfully resolve all seven pending WTO disputes bilaterally

    Posted 27 Mar 2024

    Updated 30 Mar 2024

    2 min read

    • The disputes include:
      • US's imposition of tariffs on steel and aluminium imports; India’s renewable energy subsidies for solar cells and modules etc.
    • Both submitted notification to WTO’s Dispute Settlement Body (DSB) of mutually agreed solution in dispute titled DS430 Concerning Importation of Certain Agricultural Products. 

     

    • WTO Dispute Settlement Method: There are two main ways to settle a dispute once a complaint has been filed in the WTO.
      • Mutually Agreed Solution
        • At any stage during dispute settlement process, parties can settle dispute by a “mutually agreed solution”. 
        • The solutions must be consistent with relevant WTO agreement.
        • Parties are required to notify DSB and relevant committees of mutually agreed solution.
      • Dispute Settlement Process
        • Consultation (60 days): Members try to reach a mutually agreeable solution through direct talks.
        • Adjudication (if consultations fail): A panel of experts is established by DSB to examine the case and deliver a report. 
        • It can be appealed to Appellate Body. 
        • Implementation: DSB adopts Appellate Body report, making it binding on parties.

     

    Appellate Body (AB)

    • AB was established in 1995. It has 7 members and its seat is in Geneva, Switzerland.
    • Decision to appoint persons to AB is taken by consensus among all WTO Members.
    • It has been dysfunctional since 2019, because US has blocked appointment of appellate body members.
    • The term of the last sitting Appellate Body member expired on 30 November 2020.
    • Tags :
    • WTO
    • India-USA
    • WTO Appellate Body
    • Dispute Settlement
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