India pitches for dispute settlement fund at WTO
World Trade Organization (WTO) suggested creation of up a Dispute Settlement Fund or reimbursement of litigation costs of trade disputes for poor countries.
«India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address the issue of litigation costs,» said an official, adding that South Africa said that establishing a fund is «essential». It has been backed by 48 countries.
It draws from a proposal by the African Group that has suggested that such a fund could be financed from the regular budget of the WTO and voluntary contributions from members, with disbursements in accordance with criteria to be adopted by the Dispute Settlement Body.
As per another official, New Delhi has also proposed that developing countries be reimbursed litigation costs if they win.
This assumes significance as developing and least developed countries have to cover a multitude of expenses at all stages of a dispute, such as appointment of experts, preparation of economic analysis and collection of proprietary data even though there is an available mechanism to address the costs of litigation at the WTO.
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