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MPIA for Settling WTO Disputes: Attribute, Impact and Prospect
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The Multi-Party Interim Appeal Arbitration Arrangement (MPIA) serves as a temporary alternative to arbitrate trading disputes against the non-functional WTO Appellate Body. The birth of MPIA indicates the indispensable function of WTO to provide a dispute-resolving platform for its members, and the urgent demand for a diversified dispute settlement mechanism against the intensified global trade frictions among increasing engaging parties. This research critically examines the attributes and effectiveness of MPIA in resolving WTO disputes, considering its impact on international trade dispute resolution. Despite its drawbacks, such as the absence of major WTO trading parties and the its temporary nature, the MPIA demonstrates promising performance, offering insights for the future WTO Dispute Settlement Body (DSB) in terms of diversification, high-efficiency, party autonomy, flexibility, and binding effect.
Title: MPIA for Settling WTO Disputes: Attribute, Impact and Prospect
Description:
The Multi-Party Interim Appeal Arbitration Arrangement (MPIA) serves as a temporary alternative to arbitrate trading disputes against the non-functional WTO Appellate Body.
The birth of MPIA indicates the indispensable function of WTO to provide a dispute-resolving platform for its members, and the urgent demand for a diversified dispute settlement mechanism against the intensified global trade frictions among increasing engaging parties.
This research critically examines the attributes and effectiveness of MPIA in resolving WTO disputes, considering its impact on international trade dispute resolution.
Despite its drawbacks, such as the absence of major WTO trading parties and the its temporary nature, the MPIA demonstrates promising performance, offering insights for the future WTO Dispute Settlement Body (DSB) in terms of diversification, high-efficiency, party autonomy, flexibility, and binding effect.
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