Organization:Trade Dispute Resolution Organization

From HandWiki
Trade Dispute Resolution Organization (TDRO)
Agency overview
Formed2015
JurisdictionPakistan
Parent agencyMinistry of Commerce
Websitetdro.gov.pk

Trade Dispute Resolution Organization (TDRO) is an attached department of the Ministry of Commerce in Pakistan. It was established as a platform to prevent the harmful effects of unresolved international trade disputes and the imbalance between strong and weak players can be reduced by settling their conflicts on the basis of rules.[1]

History

The TDRO was established by the Ministry of Commerce (MoC) in 2015 to address the growing number of disputes in international trade. However, it was unable to take up the task due to a lack of legal cover. Since its inception, TDRO has resolved only 25 to 30 cases/disputes, with mutual consent of the disputing parties.[2]

Act of 2022 (TDA-2022)

The Trade Disputes Act 2022 (TDA-2022) provided for the establishment of a comprehensive system in Pakistan. Under the new law, trade disputes will be decided within a time frame to facilitate ease of doing business for import and export businesses.[3][4][5]

Resolution bill, 2023

In response to the challenges, the government decided to seek parliamentary approval for a Trade Dispute Resolution Act to improve the trade dispute procedure.[1] The Trade Dispute Resolution Bill, 2023 aims to create a robust system for the swift and efficient settlement of disagreements pertaining to the export and import of goods and services, including those related to e-commerce.[6][7]

References

  1. ↑ 1.0 1.1 "MNAs to review trade dispute law". September 8, 2021. https://tribune.com.pk/story/2319083/1. 
  2. ↑ Abbas, Ghulam (May 16, 2018). "Trade dispute organisation at MoC lacks legal cover to move against delinquent firms". https://dependent.pakistantoday.com.pk/2018/05/16/trade-dispute-organisation-at-moc-lacks-legal-cover-to-move-against-delinquent-firms/. 
  3. ↑ Desk, NNPS (November 10, 2023). "TDA-2022 to establish a comprehensive regime for trade dispute resolution". https://www.app.com.pk/business/tda-2022-to-establish-a-comprehensive-regime-for-trade-dispute-resolution/. 
  4. ↑ "Law to resolve international trade disputes on the anvil". https://www.thenews.com.pk/print/97518-Law-to-resolve-international-trade-disputes-on-the-anvil. 
  5. ↑ "Trade Dispute Resolution Organization draft to be introduced in Parliament this year". February 10, 2016. https://dnd.com.pk/trade-dispute-resolution-organization-draft-to-be-introduced-in-parliament-this-year/105810. 
  6. ↑ desk, News (August 7, 2023). "Parliament passes Trade Organization (Amendment), Trade Dispute Resolution bills". https://pakobserver.net/parliament-passes-trade-organization-amendment-trade-dispute-resolution-bills/. 
  7. ↑ Butt, Naveed (August 8, 2023). "Joint sitting of parliament passes trade dispute-, trade bodies-related bills". https://www.brecorder.com/news/40256812. 

External links



Retrieved from "https://handwiki.org/wiki/index.php?title=Organization:Trade_Dispute_Resolution_Organization&oldid=3394392"