At MC12, Ministers committed “to conduct discussions with the view to having a fully and well-functioning dispute settlement system accessible to all Members by 2024.”
For the past year, Members have done so. Deep and broad discussions are ongoing to identify interests and a path forward to substantive reforms, in particular in respect of the formal process.
The optimal framework for most matters of trade concern and especially for developing and less developed Members would be a strengthened conciliation and mediation facility as a complementary procedure.
GenevaTradeLaw.com proposes a path forward within the WTO as an early harvest element of reform to ensure the relevance of dispute settlement to all Members.