WTO Role for dispute between 2 countries Assignment Help Summary of Dispute

The war in 2008 between Russia and Georgia caused the occupation of Russian military on Abkhazia and South Ossetia. It also led the Moscow’s recognition of the autonomies as the independent states. Before war also, Russia has controlled the both side crossings into Abkhazia and South Ossetia and denied the access of Georgia and any other international monitor, which affected their relationship (Welt, 2012).

Resolution of Disputes The US diplomacy helped to seal the deal and to solve the issues between Russia and Georgia. It is because the membership of Russia in the WTO was the main priority of US government for its Russian policies. To resolve the dispute, US administration insisted Moscow to negotiate the conditions of accessibility with Tbilisi, capital of Georgia. It caused a successful agreement between Russia and Georgia. A proper trade monitoring mechanism between Russia and Georgia across Abkhazia and South Ossetia is facilitated (Welt, 2012). Both governments agreed to report trade data to WTO and to confidentially monitor trade, which helped to resolve the issues and start a good trade relationship.

Role of the WTO The WTO played an important role as its agreement provided a common ground to Russia and Georgia by avoiding their odds. Due to this agreement, Russia allowed first time to foreign monitors to track and record the cross border trades (Welt, 2012). Similarly, Georgia agreed to institute custom mechanism first time, if outsources to a private firm.

Effectiveness of Resolution The resolution is quite effective as it facilitates trade between Georgia and Russia, which would be effective for the economy of Georgia and to facilitate a good trade relationship between Russia and Georgia. At the same time, the agreement will also be effective to facilitate the broken linkage of Georgia again with Abkhazia and South Ossetia (Welt, 2012). Thus, the resolution was quite effective for a global business environment as well as for both countries Welt, C. (2012). Don’t Shy Away From Progress on the Russia-Georgia Conflict: New Agreement Between Countries on Russia’s WTO Membership Indicates Progress. Retrieved from: http://www.americanprogress.org/issues/security/news/2012/02/06/11141/dont-shy-away-from-progress-on-the-russia-georgia-conflict/ Now you can avail 24×7 business and case study assignment help  from experts. We assure you that you will get 100% original, authentic content assignment help paper before the deadline from our experts.