Political Science · International Relations
Which agreement encompasses a comprehensive overhaul of GATT's dispute settlement rules and procedures, aimed at ensuring the prompt and efficient resolution of disputes?
ASeattle agreement
BDurban agreement
CMontreal agreement ✓ Correct
DNone of the above
Correct answer: (C) Montreal agreement — The Montreal agreement carried this overhaul of dispute settlement, so the answer is the Montreal agreement.
Explanation
★The Montreal agreement carried this overhaul of dispute settlement, so the answer is the Montreal agreement.
★It came from the Montreal mid-term review of the Uruguay Round in 1988.
★It improved GATT's procedures for settling trade disputes.
★It aimed at faster and more efficient resolution of conflicts.
★This work fed into the WTO's later dispute settlement system.
★So among these, the Montreal agreement reformed dispute settlement.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Shared by Mcqkart · via Mcqkart.in