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16 - The Time of PTA Dispute Settlement Mechanisms Might Have Come: Assessing the Risks

from Part IV - Regional Approaches for International Economic Dispute Settlement

Published online by Cambridge University Press:  07 August 2021

By
Cornelia Furculiță
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

While chapters on state-to-state dispute settlement mechanisms (DSMs) are a common characteristic of modern PTAs, they have not been very often used by the PTA parties to enforce their rights. The scarce use of the PTA fora in the past has been attributed to the preference for the WTO DSM, as well as to the insufficiently advanced substantive PTA rules, which often merely mirrored the WTO norms. In light of the latest developments in the international trade regime, this chapter shows that a rise in the use of PTA DSMs can be already noted and anticipates that the number of PTA disputes could continue to grow. Therefore, the potential risks that are associated with this rise will be tackled.

Type
Chapter
Information
International Economic Dispute Settlement
Demise or Transformation?
 , pp. 442 - 469
Publisher: Cambridge University Press
Print publication year: 2021

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