The dispute settlement mechanism (DSM) of the WTO is one of the most important outcomes of the Uruguay Round negotiations. It is regarded as a central element in providing security and predictability to the WTO multilateral trading system.
The Dispute Settlement Mechanism (DSM) of WTO is regarded as the most special contribution of WTO. It is the cornerstone of the security and predictability of WTO--the tremendous and complicated multi-trade system and it's also a special new and complicated dispute settlement regulations.
Within the scope of WTO system,a integrate dispute settlement procedure include the stages of consultation,panel procedure,appellate procedure,implementation procedures . The valid operation of the dispute settlement mechanism mainly depend on the execution of the final judge of the dispute,so the executive system can be regarded as the core of the dispute settlement mechanism.
Today, the Convention provides an comprehensive dispute settlement system.
The interplay with other treaties which refer to the Convention's dispute settlement system (especially the Agreement on Straddling and Highly Migratory Fish Stocks) even adds to this danger in the author's eyes.
Concluding, he asks what the jurisprudence tells us about the Tribunal's role in the LOSC dispute settlement system.
The amici curiae and the WTO dispute settlement system: The doors are open
The dispute settlement system of the WTO: Structure and function in the perspective of the first 10 years