Q. Which of the following is/are correct about dispute settlement mechanism in the World trade organization (WTO)

Select the correct code from the options given below:

1 only

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2, 3 only

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2 only

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1, 2, 3

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct. The appellate body of WTO is the highest body of appeal with respect to disputes between countries within the framework of WTO.

Statement 2 and 3 are incorrect. Members of the appellate body of WTO are chosen by consensus.

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Similar questions

Consider the following statements about WTO Appellate Body:

1. It is located in Geneva, Switzerland.

2. It hears appeals related to disputes brought by WTO Members.

3. The Appellate Body Reports, once adopted by the Dispute Settlement Body (DSB), is mandatory for the parties to the dispute.

Which of the above statement(s) is/ are correct?

विश्व व्यापार संगठन अपीलीय निकाय के संबंध में निम्नलिखित कथनों पर विचार करें:

1. यह जिनेवा, स्विट्जरलैंड में स्थित है।

2. यह डब्ल्यूटीओ के सदस्यों द्वारा लाए गए विवादों से संबंधित अपील की सुनवाई करता है।

3. अपीलीय निकाय रिपोर्ट, जब एक बार विवाद निपटान निकाय (DSB) द्वारा स्वीकार कर लिया जाता है को पक्षकारों हेतु बाध्य होता है।

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