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quotes on MTS > Dispute settlement

    

Author Date and source Quotes
WTO Director-General Supachai Panitchpakdi 1 November 2002

Interview with Bloomberg News

"If the system allows more and more countries to retaliate, it seems to me we are working against the rightful goals of the system.  The goal is to work more on trade promotion and incentives rather than retaliation."
David Woods, World Trade Agenda 1 November 2002

Letter to the Financial Times

"The dispute settlement system is only as good as the negotations and political deals it serves to encourage.  What the WTO really needs is willing, effective negotiators and dealmakers if the institution is to do its job of helping expand global trade and investment."
Director-General Supachai Panitchpakdi 17 October 2002 "As countries get more competitive, they become more creative (in interpreting the rules).  Even developing countries are finding ways to question the rules in their dealings with each other.  I'm offering the service of mediating conflicts before they require full-blown legal approaches.  The way to enforce rules is to put tariffs up, but that hurts consumers and trade flows."
WTO Director-General Mike Moore  18 September 2001

Statement at the Press Conference marking the conclusion of the work of the WTO's Chinese Taipei Working Party

 

" This is an important day for the WTO. In my time here, the last two days have been probably the most exhilarating, knowing that history has been made and things will not be the same and to see Chinese Taipei, along with China, Lithuania, Oman, Jordan, Croatia, Albania, in the last two years, all become active members of a rules-based system. It serves as an example that is extremely important. I do think it sends a message of a people's commitment to a world order run by rules, an order where the definition of civilised behaviour is settling differences by the rule of law, through dispute systems and by agreement."
Thomas S. Mulligan and Evelyn Iritani  24 August 2001

Dow Jones International News Service 

"The presence of the WTO doesn't eliminate trade friction, but it does provide a public forum where the power of consensus can help resolve disputes. Although the WTO lacks direct enforcement powers, its decisions are taken seriously because its member nations have agreed to play by its rules. A WTO ruling gives the winning side the moral upper hand in a dispute, even if the winner chooses to negotiate a compromise rather than impose hefty penalties that could touch off a trade war."    
Wall Street Journal 24 August 2001

Wall Street Journal

"Taiwan is frequently hit by trade sanctions related to dumping, a situation that would be partially alleviated by the WTO entry. Because Taiwan doesn't belong to the WTO, sanctions applied by foreign courts are final. " We feel this is unfair to us," said Stanley Tseng, a desk officer at Taiwan's Board of Foreign Trade. Once Taiwan joins the WTO, Taipei can appeal decisions against Taiwan companies to an arbitration panel set up by that body. As of July, trade sanctions have been slapped on Taiwan companies in 64 cases and an additional 18 cases are under investigation according to the Board of Foreign Trade." 

Former Director General of the GATT (1980 – 1993), Arthur Dunkell

Former Director General of the GATT/WTO (1993 – 1995), Peter Sutherland 

Former Director General of the WTO (1995 – 1999), Renato Ruggiero

1 February 2001

Joint Statement on the Multilateral Trading System at the World Economic Forum in Davos

 

" Dispute settlement is one of the great successes of the WTO. Yet the current burden of cases is probably too heavy. Again, it is a matter of perception. But the WTO cannot be known solely for its judicial prowess, still less for the number of times its members are given clearance to retaliate where dispute findings are not implemented satisfactorily."

President and Chairman of Soros Fund Mangement, George Soros 5 September 2000 

Speech at the State of the World Forum 2000

 

" From the point of view of international law, the World Trade Organization is perhaps the most advanced of our international institutions because it has binding judicial power. The NGOs that protested in Seattle did have a valid point about the WTO: its rules pay no attention whatsoever to important issues like the protection of the environment or labor standards. But the solution to this problem is not to destroy the WTO but to establish similarly binding rules regarding these issues. "

Director General of the WTO, Mike Moore 29 October 1999

Speech to the Transatlantic Business Dialogue

"Too much of this century was marked by force and coercion. Our dream must be a world managed by persuasion, the rule of law, the settlement of differences peacefully within the law and cooperation. It’s a good thing that all our living standards are now based on the ability of our neighbours to purchase our products. That’s where the WTO can do splendid work and advance the progress of the human species."
SINGAPORE MINISTERIAL DECLARATION
 
13 December 1996 

" The Dispute Settlement Understanding (DSU) offers a means for the settlement of disputes among Members that is unique in international agreements. We consider its impartial and transparent operation to be of fundamental importance in assuring the resolution of trade disputes, and in fostering the implementation and application of the WTO agreements. The Understanding, with its predictable procedures, including the possibility of appeal of panel decisions to an Appellate Body and provisions on implementation of recommendations, has improved Members' means of resolving their differences. We believe that the DSU has worked effectively during its first two years. We also note the role that several WTO bodies have played in helping to avoid disputes. We renew our determination to abide by the rules and procedures of the DSU and other WTO agreements in the conduct of our trade relations and the settlement of disputes. We are confident that longer experience with the DSU, including the implementation of panel and appellate recommendations, will further enhance the effectiveness and credibility of the dispute settlement system."

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

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