Uzbekistan is a developing member state of the World trade organization

Аннотация

The World Trade Organization is the international organization that sets rules and regulations for stipulating international trade at a global level to create a more favorable and friendly trading environment. The WTO is the only body with features, policy, and dispute settlement mechanism that solves trade-related international disputes inside the institutions. Furthermore, it is the most practical body as the organization is run by all member states by way of consensus. Currently, there are 164 member countries and Uzbekistan is an observer in the organization. This paperwork first highlights the key features of the WTO and dispute settlement mechanism then draws steps of the Republic of Uzbekistan as an observer. Keywords: The World Trade Organization, developing states, observers, dispute settlement mechanism, trade, goal, strategy Abbreviations AB Appellant Body DSB Dispute Settlement Body DSS Dispute Settlement System DSU Dispute Settlement Understanding GATS General Agreement on Trade in Services GATT General Agreement on Tariffs and Trade TRI PS Trade-Related Aspects of I ntellectual Property Rights WTO World Trade Organization