Consultation
Consultation: the first stage in the WTO dispute settlement procedure, aimed at resolving issues cooperatively, sometimes through the good offices or mediation of a disinterested party. The fact-finding nature of consultation between parties often leads to a solution. If the consultations fail to settle a dispute within sixty days after a request has been made, the complaining party may request the establishment of a dispute settlement panel. The parties may go to a panel earlier if they conclude that the consultations will not settle the dispute. WTO members receiving a request for such consultations must therefore treat them seriously. They cannot use them to gain extended breathing space. See also Understanding on Rules and Procedures Governing the Settlement of Disputes.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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