ABSTRACT

As with most things in our already-familiar story, the failure to ratify the Havana Charter resulted in the implementation of a system of international trade regulation devoid of the elaborate dispute settlement procedures of the ITO. Instead, what resulted was the utilisation of a set of procedures enshrined in the GATT as the de facto means by which Contracting Parties sought to settle commercial differences. This was to change with the establishment of the WTO. The Uruguay Round provisions brought with them a more rigorous series of dispute settlement procedures designed to safeguard the newly extended parameters of trade regulation administered by a DSB.