Overview
International trade dispute resolution is essential for maintaining smooth trade relations between countries. It encompasses various methods such as arbitration, mediation, and litigation, each with its own advantages and challenges. Understanding these methods, along with the legal frameworks that ...
Key Terms
Example: Many companies choose arbitration to settle trade disputes quickly.
Example: Mediation can be less formal and more flexible than arbitration.
Example: Litigation can be lengthy and costly compared to other methods.
Example: NAFTA is a well-known trade agreement between the U.S., Canada, and Mexico.
Example: The WTO helps resolve trade disputes between member countries.
Example: High tariffs can lead to trade disputes between countries.
Related Topics
Key Concepts
ArbitrationMediationLitigationTrade Agreements