WORLD TRADE ORGANIZATION ( WTO ) FUNCTIONS AND DISPUTE RESOLUTION MECHANISMS
Keywords:
World Trade Organization (WTO), WTO functions, Dispute Settlement Mechanism (DSM), international trade law, trade dispute resolution, WTO accession, global trade governance, trade policy reforms, economic integration.Abstract
This article explores the functions and dispute resolution mechanisms of the World Trade Organization (WTO), with a special focus on its significance for Uzbekistan. The WTO plays a crucial role in regulating international trade, ensuring fair competition, and providing a structured framework for resolving trade disputes among member states. The study examines the core functions of the WTO, including trade policy monitoring, dispute settlement, and negotiation facilitation. A key aspect of the article is the analysis of the WTO’s Dispute Settlement Mechanism (DSM), which is designed to address trade conflicts through a structured legal process. The
DSM provides a transparent and efficient system for resolving disputes, preventing trade wars, and maintaining stability in global trade. The paper also reviews notable WTO dispute cases and their implications for international trade law. The findings indicate that the WTO’s dispute resolution system is an essential component of international trade governance, ensuring that trade conflicts are managed through legal and diplomatic channels rather than economic retaliation. The study concludes that Uzbekistan’s membership in the WTO would provide significant advantages but requires careful policy alignment to maximize benefits.
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