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14 - The Future of International Economic Dispute Resolution – An Asian Perspective

from Part IV - Regional Approaches for International Economic Dispute Settlement

Published online by Cambridge University Press:  07 August 2021

By
Locknie Hsu
Edited by
Manfred Elsig ,
Rodrigo Polanco  and
Peter van den Bossche
Manfred Elsig
Affiliation:
Universität Bern, Switzerland
Rodrigo Polanco
Affiliation:
Universität Bern, Switzerland
Peter van den Bossche
Affiliation:
Universität Bern, Switzerland
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Summary

The international economic law landscape has witnessed a number of significant developments in recent years, with some being gradual while others have been more in the nature of jolts. Among the former are the rise in bilateral and regional trade agreements and their concomitant dispute settlement mechanisms, and an increase in the number of investor–state disputes. Among the latter (‘jolts’) are the US administration’s decisive stance in 2018–19 regarding the WTO’s dispute settlement system – particularly the Appellate Body membership, renewal processes and decision-making – and the rapid increase in reform activities of investor–state arbitration institutions and working groups. Another development has been the so-called US–China ‘trade war’, led by the imposition of tariffs, and the potential role of the security exception in disputes pending at the WTO in relation to such impositions.

Type
Chapter
Information
International Economic Dispute Settlement
Demise or Transformation?
 , pp. 373 - 405
Publisher: Cambridge University Press
Print publication year: 2021

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References

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