What are the world trade organizations dispute procedures

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Reference no: EM131649017

Problem

Diplomacy attempts to reconcile the parties to a disagreement by negotiation, mediation, or inquiry. It formally applies only to disputes between states. In formal situations diplomacy is used between states. It informally also applies to disputes involving institutions and individuals. The informal application is commonly called "alternative dispute resolution."

1. Discuss your understanding of negotiation, mediation and inquiry. Provide an example of when each of these could be used in a formal and informal situation.

2. What are the World Trade organization's dispute procedures?

3. What role does the ICSID play in settling international disputes?

Reference no: EM131649017

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