With reference to the Dispute Settlement System of the WTO (World Trade Organization), consider the following statements: 1. It provides a forum for negotiations on trade agreements. 2. The Dispute Settlement Body (DSB) of the WTO is comprised of representatives of all WTO member countries. Which of the statement(s) given above is/are correct? |ForumIAS

Q. With reference to the Dispute Settlement System of the WTO (World Trade Organization), consider the following statements:
1.It provides a forum for negotiations on trade agreements.
2.The Dispute Settlement Body (DSB) of the WTO is comprised of representatives of all WTO member countries.
Which of the statement(s) given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. The Dispute Settlement System of the WTO aims to resolve disputes between member countries regarding violations of WTO agreements, not to provide a forum for negotiations on trade agreements.

Statement 2 is correct. The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) is made up of representatives of all WTO member countries. The DSB is responsible for administering the Dispute Settlement Understanding (DSU) and overseeing the entire dispute settlement process. The DSB is made up of all member governments, usually represented by ambassadors or equivalent.

Source: Forum IAS

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