Discussion
The procedure of WTO dispute settlement is known as ................ .
Answer: C
It is known as the Dispute Settlement Understanding.
The Understanding on Rules and Procedures Governing the Settlement of Disputes (the DSU), Annex 2 of the WTO Agreement of 1994, sets out the WTO's dispute procedure: consultations, panels, the Appellate Body, and implementation and retaliation, administered by the Dispute Settlement Body.
Arbitration is one optional route under Article 25 of the DSU and conciliation is offered under Article 5, but neither names the procedure as a whole. The General Council is the WTO's main decision-making body between ministerial conferences, which sits as the Dispute Settlement Body for disputes.
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