Extension of WTO Regulations and Agreements to Energy Trading In the Contemporary World

Abstract

This dissertation discusses the extension of WTO agreements over energy trade and analyse if there is a need of energy-specific agreement. In the light of ever-increasing energy and cross border trade, the need of specific agreement is not only cogent and plausible but necessitated. The extension of WTO over energy products and services is demonstrated by citing various cases of the WTO dispute settlement body. From a broader policy perspective, it would be desirable for the WTO dispute settlement system to be more sensitive to non-trade policy concerns and the broader legal context of WTO disputes. This dissertation evinces a study of WTO agreements over energy trade in the present liberalised and globalised world. The WTO rules are a milestone in the international trade of products and services. It is an umbrella organisation that includes all that was not initially included by GATT, 1947. These rules are fully applicable on energy products and services. The major argument that has surfaced on the international platform is that these rules are not applicable on energy products and services as the same is not specifically expressed.