WTO International Trade Dispute Settlement System and Benefits for Indonesia

Widiarty, Wiwik Sri (2024) WTO International Trade Dispute Settlement System and Benefits for Indonesia. Journal of Humanities and Social Sciences Studies, 6 (2). pp. 30-34. ISSN 2663 7197

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International trade is one of the essential pillars of the global economy. International trade can improve people's welfare through increased productivity, diversified production, and lower prices of goods and services. In international trade, it is not uncommon for disputes to occur between business actors from different countries. This study examines the international trade dispute settlement system in the World Trade Organization (WTO) and its benefits for Indonesia. This research uses normative legal research methods. The data collection technique used in this research is a literature study. The data analysis technique used in this research is qualitative analysis. The results show that the dispute settlement mechanism through the WTO is part of the WTO adjudication function as a world trade organization. The stages of dispute settlement involve consultations, panel formation, panel procedures, and ratification of panel reports, judicial review, and implementation. For Indonesia, participation in the WTO dispute settlement system brings several benefits, such as increasing legal certainty in international trade, protecting Indonesia's trade interests, and increasing the competitiveness of Indonesian products in the international market. | KEYWORDS Dispute Settlement, Trade, International, World Trade Organization.

Item Type: Article
Subjects: LAW
Depositing User: Ms Mentari Simanjuntak
Date Deposited: 26 Feb 2024 02:31
Last Modified: 26 Feb 2024 02:31
URI: http://repository.uki.ac.id/id/eprint/13893

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