Proceedings of The 7th International Conference on Business, Management and Economics
Year: 2022
DOI: https://www.doi.org/10.33422/7th.icbmeconf.2022.12.101
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Research on the Justiciability of Us Economic Sanctions in The WTO
Hui Feng
ABSTRACT:
Since the Second World War, the United States has frequently imposed economic sanctions on other countries, resulting in restrictions on international trade and having a huge impact on the economy of the sanctioned countries. With the US now imposing widespread economic sanctions around the world, affected countries look for relief measures. The WTO dispute settlement mechanism may play a role in normalizing international trade through legal means to alleviate the adverse effects of economic sanctions. This paper mainly studies the relationship between the US economic sanctions and the WTO dispute settlement mechanism, as well as the justiciability of US economic sanctions in the WTO through the analysis of relevant articles of the WTO-related agreements and some cases of the US economic sanctions against other countries.
keywords: US economic sanctions, secondary sanctions, trade sanctions, financial sanctions, WTO