Establishing permanent regional good offices for trade disputes in Asia
The article is dedicated to different approaches utilized by Asian and Western countries in settlement of international trade disputes. The author demonstrates that most Asian countries follow their own way in resolution of interstate trade disputes in WTO and regional free trade agreements. It can be characterized as less contentious and more oriented toward cooperation and preservation of good relations between states for cultural and philosophical reasons. Dispute settlement mechanisms must be neutral, of lower cost and less resource-intensive, with lower extent of legality. One of such mechanisms is Permanent Regional Good Offices for trade disputes in Asia.