The future of international economic dispute resolution: An Asian perspective

Alternative Title

What does the “Asian Century” bring to international economic dispute settlement?

Publication Type

Book Chapter

Publication Date

11-2021

Abstract

The international economic law landscape has witnessed a number of significant developments in recent years, with some being gradual while others have been more in the nature of jolts. Among the former are the rise in bilateral and regional trade agreements and their concomitant dispute settlement mechanisms, and an increase in the number of investor-state disputes. Among the latter (‘jolts’) are the US administration’s decisive stance in 2018-19 regarding the WTO’s dispute settlement system – particularly the Appellate Body membership, renewal processes and decision-making – and the rapid increase in reform activities of investor-state arbitration institutions and working groups. Another development has been the so-called US-China ‘trade war’, led by the imposition of tariffs, and the potential role of the security exception in disputes pending at the WTO in relation to such impositions.

Keywords

international economic law, Asia, international trade, WTO, dispute resolution

Discipline

Asian Studies | Dispute Resolution and Arbitration | International Trade Law

Publication

International economic dispute settlement Demise or transformation?

Editor

Manfred Elsig, Rodrigo Polanco, & Peter van den Bossche

First Page

373

Last Page

405

ISBN

9781108966122

Identifier

10.1017/9781108966122.015

Publisher

Cambridge University Press

City or Country

Cambridge

Additional URL

https://doi.org/10.1017/9781108966122.015

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