WTO to have a fully functional dispute settlement system by 2024

WTO to have a fully functional dispute settlement system by 2024

Daily Current Affairs   /   WTO to have a fully functional dispute settlement system by 2024

Change Language English Hindi

Category : International Published on: September 14 2023

Share on facebook
  • The G20 leadership summit has declared it will work towards having in place a fully functional dispute settlement system at WTO by 2024.
  • It has been almost four years since the World Trade Organization’s Appellate Body, which is the dispute-settlement arm of the WTO, became defunct, thus affecting developing countries adversely.
  • There are two main ways to settle a dispute once a complaint has been filed in the WTO
  • First – The countries find a mutually agreed solution, particularly during the phase of bilateral consultations
  • Second -Through adjudication which includes ruling by a panel and if not satisfied, challenging that ruling at the appellate body.
Recent Post's

  • The Telangana government launched the Indiramma Family Life Insurance Scheme providing ₹5 lakh coverage to 1.15 crore families starting June 2, 2026.

    Read More....

  • The Prakriti 2026 conference in New Delhi introduced the Indian Carbon Market Portal to streamline carbon trading and climate action.

    Read More....

  • The traditional Kelbai ‘Peth’ Festival is being celebrated in Mulgao, Goa, featuring a sacred ritual journey of the deity to Mayem village.

    Read More....

  • Scientists identified the desert moss Syntrichia caninervis as a potential pioneer for Mars colonization due to its extreme resilience.

    Read More....

  • World Water Day 2026 was observed on March 22 with the theme "Water and Gender" to promote equitable access and management.

    Read More....

  • A new wild kiwi species, Actinidia indica, was discovered by the Botanical Survey of India in the Ziro Valley of Arunachal Pradesh.

    Read More....

  • The Indian government launched the PRARAMBH 2026 campaign to educate citizens about the new Income Tax Act, 2025, effective from April 1.

    Read More....

  • Pakistan ranked first in the Global Terrorism Index 2026 due to rising violence, while India stood at the 13th position.

    Read More....

  • The Madras High Court issued directives for the systematic removal of the invasive plant species Prosopis juliflora to restore Tamil Nadu's ecology.

    Read More....

  • The National Productivity Council (NPC) has been designated as the Environment Audit Designated Agency to monitor industrial compliance.

    Read More....