Globalisation and Dispute Settlement Mechanism in International Trade Law

International human rights law and international commercial law are based on the same principles. Their role in promoting peace and stability between countries is well recognised. As a general rule, both are the result of the post-World War II years. As a reaction to the egregious abuses of human rights that occurred during the two world wars, particularly World War II, and which were generally blamed on economic considerations, the international community established the Human Rights Council. In the interwar era, international trade relations were marked by the emergence of protectionist trade policies. The worldwide economic and political consequences of implementing these measures were substantial. Retaliatory actions by trade partners damaged exports substantially as a result of protectionist policies.