from PART II - Accomplishments and Future Prospects of the WTO Dispute Settlement System
Published online by Cambridge University Press: 05 March 2012
The blurring of the public and the private in international trade law
Law's rising prominence in international economic relations is nowhere seen more clearly than in the realm of international trade law following the creation of the World Trade Organization (WTO) on 1 January 1995. WTO law consists of rules that a centralized institution, the WTO Dispute Settlement Body (DSB), enforces through adopting judicial judgments that, if not complied with, trigger sanctions. While the WTO lacks police power, WTO judicial bodies have the power to authorize a winning party to withdraw trade concessions against a losing party who does not comply with the judgment. All states, even the most powerful states, have responded to WTO judgments by modifying domestic regulations and practices, or, in the few cases where domestic politics blocked modification, accepted any resulting sanctions. In the first eleven years following the WTO's formation, 335 formal complaints were filed, resulting in 95 adopted panel and Appellate Body reports and numerous settlements, with 20 panels pending.2 International trading relations have been governed increasingly through law – or better stated, through power mediated by law – with the great powers and developing countries increasingly initiating legal complaints between and among each other.
The blurring of the public and the private spurs the growth of international economic law. WTO law, while formally a domain of public international law, profits and prejudices private parties. As international economic relations become legalized, lawyers listen and market their wares. Private parties, in particular well-connected, wealthier and betterorganized ones, attempt to use the WTO legal system to advance their commercial ambitions.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.