1 In Peru – Agricultural Products, the Dispute Settlement Body (‘DSB’) of the World Trade Organization (WTO) dealt with the compatibility of a national price stabilization mechanism with Art. 4.2 Agreement on Agriculture, as well as with Art. II:1 (b) General Agreement on Tariffs and Trade (‘GATT’ or ‘GATT 1994’) (General Agreement on Tariffs and Trade [1947 and 1994]). The challenged mechanism was very similar to the one in Chile – Price Band System, so multiple arguments were re-introduced. Both cases reflect WTO Members’ diverging views on the conformity of...
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