Daffodil International University

Faculty of Humanities and Social Science => Law => Topic started by: Abu Saleh on December 24, 2019, 08:41:03 PM

Title: Trade Sanctions in Wider WTO Sense
Post by: Abu Saleh on December 24, 2019, 08:41:03 PM

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.

Title: Re: Trade Sanctions in Wider WTO Sense
Post by: Johir Uddin on January 01, 2020, 06:04:45 PM

Thanks for sharing.

Title: Re: Trade Sanctions in Wider WTO Sense
Post by: ahsanUllah on February 18, 2020, 02:03:56 PM

Very effective article .Thanks for sharing.