Dispute settlement is the central pillar of the multilateral trading system at World Trade Organization. Consider the following statements with this reference:
1. All WTO members are also members of WTO’s Dispute Settlement Body
2. Dispute Settlement Body has been empowered to punish the losing party with imposition of sanctions
Which among the above is / are correct statements?
Kindly note that there no concept of punishment in the WTO’s dispute settlements. Kindly read below link .
This question is a part of GKToday's Integrated IAS General Studies Module