The WTO evolved from GATT to better address global trade challenges, expand trade rules to services and intellectual property, and establish a stronger dispute resolution system, ensuring fairness and predictability in international trade.
Anti-dumping laws prevent unfair trade practices by counteracting the sale of products at unfairly low prices. Governed by the WTO's Anti-Dumping Agreement, these laws ensure fair competition by imposing duties on dumped imports that harm domestic industries.
Trade disputes arise when nations disagree on trade rules or practices. The WTO resolves these disputes through its Dispute Settlement Mechanism, guided by the DSU. This structured process ensures fairness, predictability, and compliance with trade agreements.