Chapter 14 Trade Agreements and Dispute Settlement in the WTO System

Abstract

This paper develops a theory, consistent with empirical evidence, of trade agreements as the exchange of market access. The WTO dispute settlement process is discussed in this context. The role of that process is neither to deter nor to punish violations of trade agreements, but to maintain reciprocity.

Citation

Ethier, W.J. (2009), "Chapter 14 Trade Agreements and Dispute Settlement in the WTO System", Hartigan, J.C. (Ed.) Trade Disputes and the Dispute Settlement Understanding of the WTO: An Interdisciplinary Assessment (Frontiers of Economics and Globalization, Vol. 6), Emerald Group Publishing Limited, Leeds, pp. 349-367. https://doi.org/10.1108/S1574-8715(2009)0000006017