Role of international commercial arbitration in resolving WTO disputes
Dispute resolution; International Commercial Arbitration; International Organizations; Sustainable development; World Trade Organization
International organizations flourished with the fragrance of effective interactions between parties and reconciliatory measures promoting amicable dispute settlement. In this scenario International Commercial Arbitration comes to the rescue of international organizations resolving multilateral, bilateral, and investment disputes between the parties, promoting sustainable development. The rationale of the article is to promote the parties towards a system of dispute redressal that is opposite to adversarial form of dispute resolution and thereby promoting an arbitration-friendly economy. Arbitration is not considered to be a preferable dispute resolution and the article provides for importance of arbitration in research gap in various research papers by using doctrinal research, analyzing articles and statutes, and providing an answer to the research question "How to promote sustainable development through International Commercial arbitration" and "How to promote arbitration-friendly environment. " This article discusses WTO dispute resolution board's novel approach to promoting arbitration. 2024 Srinesh Thakur, Anvita Electronics, 16-11-762, Vijetha Golden Empire, Hyderabad.
Emerging Trends and Innovations in Industries of the Developing World: A Multidisciplinary Approach, pp. 19-23.
Garg N., School of Law, CHRIST (Deemed to Be University), India