TITLE:
The Developing Countries under WTO’s Dispute Resolution Process: A Way to Protect Companies in Today’s Global Trading Competition
AUTHORS:
Nome Razaranaina
KEYWORDS:
Developing Countries, WTO
JOURNAL NAME:
Modern Economy,
Vol.13 No.3,
March
29,
2022
ABSTRACT: This study aims at giving more explanation to the efficiency
of World Trade Organization’s dispute resolution process according to
developing countries. Actually, in a multilateral trading system, many
developing countries do not choose this procedure. After the global health crisis, many countries tend
to take protectionism trade’s measures instead of promoting free exchange
principles. It is true that the importance of the exportation demonstrates the
national economic growth by creating foreign currency; nevertheless, many public companies are still victims of abusive
practices from international societies. In fact, there are more and more
illegal practices in the field of international trade. Those are the reasons
why this research has been done. The goal is to push Malagasy’s government to
raise awareness about the importance of adopting appropriate juridical measures
in order to protect the commercial interest of the companies as far as global
commercial changes are concerned. The dispute settlement body already existed since the General Agreement
on Trade and Tariffs of 1947(GATT). The contracting parties had chosen to
settle diplomatic conflict resolutions as far as commercial disputes are
concerned instead of choosing juridical ways.