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We therefore urge that the Appellate Body selection process be initiated immediately, as an essential prerequisite for the stable and effective functioning of the WTO dispute settlement system.
We therefore urge that the Appellate Body selection process be initiated immediately, as an essential prerequisite for the stable and effective functioning of the WTO dispute settlement system.
64. We recall that the WTO Dispute Settlement System is a cornerstone of the multilateral trading system and is designed to enhance security and predictability in international trade.
We note with concern the impasse in the selection process for new Appellate Body Members that can paralyse the dispute settlement system and undermine the rights and obligations of all Members.
39. We reaffirm our commitment to collective efforts for peaceful settlement of disputes through political and diplomatic means, and recognise the role of the UN Security Council as bearing the primary responsibility for maintaining international peace and security.
He is a Permanent Invitee to the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) of RBI and a member of the Advisory Board for Banking and Financial Frauds (ABBFF) prior to his appointment as Vigilance Commissioner.
These initiatives are being taken with a view to encourage the settlement of commercial disputes, domestic and international, in India through ADR Mechanism of Arbitration, Conciliation and Mediation.
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