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Annex 2 - Understanding on Rules and Procedures Governing the Settlement of Disputes

from Marrakesh Agreement Establishing the World Trade Organization

Published online by Cambridge University Press:  20 November 2017

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Summary

The purpose of the Trade Policy Review Mechanism (“TPRM”) is to contribute to improved adherence by all Members to rules, disciplines and commitments made under the Multilateral Trade Agreements and, where applicable, the Plurilateral Trade Agreements, and hence to the smoother functioning of the multilateral trading system, by achieving greater transparency in, and understanding of, the trade policies and practices of Members. Accordingly, the review mechanism enables the regular collective appreciation and evaluation of the full range of individual Members’ trade policies and practices and their impact on the functioning of the multilateral trading system. It is not, however, intended to serve as a basis for the enforcement of specific obligations under the Agreements or for dispute settlement procedures, or to impose new policy commitments on Members.

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The WTO Agreements
The Marrakesh Agreement Establishing the World Trade Organization and its Annexes
, pp. 434 - 460
Publisher: Cambridge University Press
Print publication year: 2017

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