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Dispute Settlement Understanding
Dispute settlement or dispute settlement system (DSS) is regarded by the World Trade Organization (WTO) as the central pillar of the multilateral trading system, and as the organization's "unique contribution to the stability of the global economy". A dispute arises when one member country adopts a trade policy ''measure'' or takes some ''action'' that one or more fellow members consider to be a breach of WTO agreements or to be a failure to live up to obligations. By joining the WTO, member countries have agreed that if they believe fellow members are in violation of trade rules, they will use the multilateral system of settling disputes instead of taking action unilaterally — this entails abiding by agreed procedures—Dispute Settlement Understanding—and respecting judgments, primarily of the Dispute Settlement Board (DSB), the WTO organ responsible for adjudication of disputes.
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Book Launch The WTO Agreements, 11 December 2017 (25122173308)
A book is a structured presentation of recorded information, primarily verbal and graphical, through a medium. Originally physical, electronic books and audiobooks are now existent. Physical books are objects that contain printed material, mostly of writing and images. Modern books are typically composed of many pages Bookbinding, bound together and protected by a Book cover, cover, what is known as the ''codex'' format; older formats include the scroll and the Clay tablet, tablet. As a conceptual object, a ''book'' often refers to a written work of substantial length by one or more authors, which may also be distributed digitally as an electronic book (ebook). These kinds of works can be broadly Library classification, classified into fiction (containing invented content, often narratives) and non-fiction (containing content intended as factual truth). But a physical book may not contain a written work: for example, it may contain ''only'' drawings, engravings, photographs, s ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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Journal Of International Economics
The ''Journal of International Economics'' is a peer-reviewed academic journal in the field of economics. The journal publishes articles on both theoretical and empirical aspects of international economics. Various topics covered include trade patterns, commercial policy, international institutions, exchange rates, open economy macroeconomics, international finance, and international factor mobility. Beginning in February 2000 the journal initiated the Bhagwati Award, named in honor of Jagdish Bhagwati. The award is given biannually to the best article appearing in the journal in the preceding two years. The monetary value of the award is $1,000. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a type of journal ranking. Journals with higher impact factor values are considered more prestigious or important within their field. The Impact Factor of a journa .. ...
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Multiparty Interim Appeal Arbitration Arrangement
The Appellate Body of the World Trade Organization (WTOAB) is a standing body of seven persons that hears appeals from reports issued by Judicial panel, panels in disputes brought on by WTO members. The WTOAB can uphold, modify or reverse the legal findings and conclusions of a panel, and Appellate Body Reports, once adopted by the Dispute Settlement Body (DSB), must be accepted by the parties to the dispute. The WTOAB has its seat in Geneva, Switzerland. The appellate body been termed by at least one journalist as "effectively the supreme court of world trade". The body established a dispute mechanism that allowed states, regardless of their size and power, to enforce predictable market access or at the very least secure authorization to retaliate for harms. Since 2019, when the First presidency of Donald Trump, Donald Trump administration began blocking appointments to the body, the Appellate Body has been unable to enforce WTO rules and punish violators of WTO rules. Subsequ ...
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Quorum
A quorum is the minimum number of members of a group necessary to constitute the group at a meeting. In a deliberative assembly (a body that uses parliamentary procedure, such as a legislature), a quorum is necessary to conduct the business of that group. In contrast, a plenum is a meeting of the full (or rarely nearly full) body. A body, or a meeting or vote of it, is quorate if a quorum is present (or casts valid votes). The term ''quorum'' is from a Middle English wording of the commission formerly issued to justices of the peace, derived from Latin ''quorum'', "of whom", genitive plural of ''qui'', " who". As a result, ''quora'' as plural of ''quorum'' is not a grammatically well-formed Latin-language construction. In modern times a quorum might be defined as the minimum number of voters needed for a valid election. Quorums are often required by traditional handbooks of parliamentary procedure such as Robert's Rules of Order. However, quorums have been criticized by s ...
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Presidency Of Joe Biden
Joe Biden's tenure as the List of presidents of the United States, 46th president of the United States began with Inauguration of Joe Biden, his inauguration on January 20, 2021, and ended on January 20, 2025. Biden, a member of the Democratic Party (United States), Democratic Party who Vice presidency of Joe Biden, previously served as Vice President of the United States, vice president for two terms under President Barack Obama from 2009 to 2017, took office after his victory in the 2020 United States presidential election, 2020 presidential election over the incumbent president, Donald Trump of the Republican Party (United States), Republican Party. Upon his inauguration, he became the List of presidents of the United States by age, oldest president in American history, breaking the record set by Ronald Reagan. Alongside Biden's presidency, the Democratic Party also held their slim majorities in the United States House of Representatives, House of Representatives under Sp ...
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Mercantilist
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. It seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade. The concept aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies may have contributed to war and motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. Mercantilism promotes government regulation of a nation's economy for the purpose of augmenting and bolstering state power at the expense of rival national powers. High tariffs, especially on manufactured goods, were almost universally a feature of mercantilist policy. Before it fell into decline, mercantilism was dominant in ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after India, representing 17.4% of the world population. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land across an area of nearly , making it the list of countries and dependencies by area, third-largest country by land area. The country is divided into 33 Province-level divisions of China, province-level divisions: 22 provinces of China, provinces, 5 autonomous regions of China, autonomous regions, 4 direct-administered municipalities of China, municipalities, and 2 semi-autonomous special administrative regions. Beijing is the country's capital, while Shanghai is List of cities in China by population, its most populous city by urban area and largest financial center. Considered one of six ...
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First Presidency Of Donald Trump
Donald Trump's first tenure as the president of the United States began on January 20, 2017, when Trump First inauguration of Donald Trump, was inaugurated as the List of presidents of the United States, 45th president, and ended on January20, 2021. Trump, a Republican Party (United States), Republican from New York (state), New York, took office following his United States Electoral College, electoral college victory over Democratic Party (United States), Democratic nominee Hillary Clinton in the 2016 United States presidential election, 2016 presidential election. Upon his inauguration, he became the first president in American history List of presidents of the United States by previous experience, without prior public office or military background. Trump made an unprecedented number of False or misleading statements by Donald Trump, false or misleading statements during his Donald Trump 2016 presidential campaign, 2016 campaign and first presidency. Alongside Trump's pres ...
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Presidency Of Barack Obama
Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. Obama, a Democrat from Illinois, took office following his victory over Republican nominee John McCain in the 2008 presidential election. Four years later, in the 2012 presidential election, he defeated Republican nominee Mitt Romney, to win re-election. Alongside Obama's presidency, the Democratic Party also held their majorities in the House of Representatives under Speaker Nancy Pelosi and the Senate under Senate Majority Leader Harry Reid during the 111th U.S. Congress. Obama is the first African American president, the first multiracial president, the first non-white president, and the first president born in Hawaii. Obama was succeeded by Republican Donald Trump, who won the 2016 presidential election against Obama's preferred successor, Hillary Clinton. Historians and political scientists rank him among the upper ...
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Republican Party (United States)
The Republican Party, also known as the Grand Old Party (GOP), is a Right-wing politics, right-wing political parties in the United States, political party in the United States. One of the Two-party system, two major parties, it emerged as the main rival of the then-dominant Democratic Party (United States), Democratic Party in the 1850s, and the two parties have dominated American politics since then. The Republican Party was founded in 1854 by anti-slavery activists opposing the Kansas–Nebraska Act and the expansion of slavery in the United States, slavery into U.S. territories. It rapidly gained support in the Northern United States, North, drawing in former Whig Party (United States), Whigs and Free Soil Party, Free Soilers. Abraham Lincoln's 1860 United States presidential election, election in 1860 led to the secession of Southern states and the outbreak of the American Civil War. Under Lincoln and a Republican-controlled Congress, the party led efforts to preserve th ...
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Democratic Party (United States)
The Democratic Party is a Centre-left politics, center-left political parties in the United States, political party in the United States. One of the Major party, major parties of the U.S., it was founded in 1828, making it the world's oldest active political party. Its main rival since the 1850s has been the Republican Party (United States), Republican Party, and the two have since dominated American politics. The Democratic Party was founded in 1828 from remnants of the Democratic-Republican Party. Senator Martin Van Buren played the central role in building the coalition of state organizations which formed the new party as a vehicle to help elect Andrew Jackson as president that year. It initially supported Jacksonian democracy, agrarianism, and Manifest destiny, geographical expansionism, while opposing Bank War, a national bank and high Tariff, tariffs. Democrats won six of the eight presidential elections from 1828 to 1856, losing twice to the Whig Party (United States) ...
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