Trade Sanctions in Wider WTO Sense

[Abu Saleh]

The term sanction means a restrictive or prohibitory measure imposed by the members of WTO to induce compliance with WTO laws. The trade policy community has increasingly referred the term sanction what the Article 22 of the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) authorizes. Accordingly, trade sanctions would mean the unilateral suspension of concession or any other obligations under WTO covered agreements. This language is based on a similar provision of GATT 1947 which states that, if contracting parties consider the circumstances are serious enough to justify such action they may authorize unilateral or multilateral suspension of concessions or other obligations which they consider appropriate.

[Johir Uddin]

Thanks for sharing.

[ahsanUllah]

Very effective article .Thanks for sharing.