Suspension Of Concessions Or Other Obligations

Suspension of concessions or other obligations in Global Commerce Policy

In this regard, suspension of concessions or other obligations is: if a WTO member fails to act on a recommendation or ruling by a panel or the Appellate Body, the member bringing the complaint may ask the Dispute Settlement Body to suspend the application of concessions or other obligations to the member failing to take action. This may be done 20 days after the expiry of reasonable period of time (usually no more than 15 months after the adoption of the origin panel or Appellate Body report). The following main principles apply to the selection of concessions or other obligations to be suspended. First, the suspensions should be in the sector where a violation of the rules occurred. Second, if this is not effective or practicable, other sectors covered by the same agreement may be chosen (i.e. The entries on trade policy are here. If the matter concerns GATT rules, the suspensions should apply to matters covered by the GATT). Third, if this is not a satisfactory way to proceed, suspensions may made under another agreement covered by the Understanding on Rules and Procedures Governing the Settlement of Disputes (i.e. The entries on trade policy are here. It would be possible to suspend commitments under the GATS or the Agreement on Trade-Related Aspects of Intellectual Property Rights even though the original matter may have arisen under the GATT). Members suspending concessions are asked to take into account the importance of the trade to the other party and the broader economic consequences of suspending concessions or obligations. See also Article 21.5 panel and Article 22.6 arbitration.[1]

Suspension of concessions or other obligationsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Suspension of concessions or other obligations” entry (OAS)

See Also