"WTO Law and Policy presents an authoritative account of the emergence of the World Trade Organization (WTO), and the basic principles and institutional law of the WTO. It explores how political economy has shaped the WTO's legal philosophy and policies, and provides insights into how international trade law at the WTO has developed. This textbook examines the legal obligations of the Member States of the WTO under the multilateral trade agreements, the legal remedies available under the rules-based dispute settlement system and incorporates the most relevant case laws from WTO's jurisprudence. It outlines several key contemporary issues which the WTO faces as well as areas that need reforming. Each chapter covers a specific topic in relation to the framework and functionality of the WTO, with particular focus on the legal aspects of the multilateral trade order. The book is guided by the legal pronouncements of the Dispute Settlement Body (Panels and Appellate Body), and the commentaries on the interpretation of the provisions of the Covered Agreements. This book is ideal for all students studying international trade law, including those coming to international law, international trade law, and WTO law for the first time"-- Provided by publisher.