The world trading system has undergone massive changes in the last decade. The creation of the World Trade Organization (WTO) and the development of enforceable international rules governing trade in services and intellectual property rights as well as trade in goods vastly expanded the scope and effectiveness of the system. This course will expose participants to the history, objectives and structure of the WTO, and discuss its relationship with its predecessor, the General Agreement on Tariffs and Trade (GATT) of 1947, its rules for the settlement of disputes among its state members, as well as its treatment of the environment and developing countries. Furthermore, the course describes the specific rules which govern the establishment and functioning of dispute panels, the rights of third parties, the appellate review procedure and the implementation of panel or appellate body rulings or recommendations. Finally, a dispute recently resolved by a WTO panel is provided to illustrate the dispute settlement process.