The document summarizes the 1994 WTO Understanding on the Rules and Procedures Governing the Settlement of Disputes. It outlines the key tasks of the WTO to advance international trade, remove trade barriers, and settle trade disputes. It then describes the Dispute Settlement Body as the international jurisdiction that settles disputes using rules and procedures defined in the 1994 Understanding. The document also provides a high-level overview of the three-stage dispute settlement process involving consultation, panel formation, report adoption and implementation, and the possibility for appeal and trade sanctions.