Briefly explain the areas of international trade disputes. Explain the methods of settling the trade disputes along with advantages and disadvantages. 

Areas of International Trade Disputes:

International trade disputes arise when two or more countries have disagreements or conflicts related to their trade practices. These disputes can occur due to various reasons, and some common areas of international trade disputes include:

1. Tariffs and Trade Barriers: Disagreements may arise over the imposition of tariffs or other trade barriers, such as quotas and subsidies. Countries may feel that their trading partners are imposing unfair tariffs or restrictions on their goods and services, leading to a loss of market access and competitiveness.

2. Dumping: Dumping occurs when a country exports goods to another country at prices lower than their domestic market prices, creating an unfair advantage and harming domestic industries in the importing country.

3. Intellectual Property Rights (IPR): Disputes regarding intellectual property rights, such as patents, copyrights, and trademarks, can arise when one country believes that another is not adequately protecting these rights or is engaged in ___ ____ ________ ________ ____ _________.
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