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    ICC proposals for improvements to the WTO Dispute Settlement Understanding

    Prepared by the ICC commission on : Trade and Investment Policy
    Publication date : 07/03/2003 | Document Number : 103/235

    ICC strongly supports the decision taken at the 4th Ministerial Conference of the World Trade Organization (WTO) at Doha (Qatar) in November 2001 to continue negotiations "on improvements and clarificati ons" of the WTO Dispute Settlement Understanding (DSU) and to agree on such proposals by May 2003.

    ICC reiterates its strong support for the WTO dispute settlement system as expressed in its policy statement "World business and the multilateral trading system" (6 June 2001). ICC believes that it is of the utmost importance that WTO members strictly respect the role and authority of that system.

    ICC notes with satisfaction that the WTO dispute settlement system has efficiently resolved the vast majority of complaints brought in its first seven years of existence. These disputes have involved a broad spectrum of issues brought by WTO members at all levels of economic development.