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International trade law is based on theories of economic liberalism developed in Europe and later the United States from the 18th century onwards. [9] International Trade Law is an aggregate of legal rules of "international legislation" and new lex mercatoria, regulating relations in international trade.
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Promoting ways and means of ensuring a uniform interpretation and application of international conventions and uniform laws in the field of the law of international trade. Collecting and disseminating information on national legislation and modern legal developments, including case law, in the field of the law of international trade.
The aim of this trade rule is to prevent internal taxes or other regulations from being used as a substitute for tariff protection. [ 5 ] A good summary is found in Japan-Alcohol [ 6 ] which states; "[a] national treatment obligation is a general prohibition on the use of internal taxes and other internal regulatory measures so as to afford ...
Commercial law (or business law), [1] which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities.
Labor and Services Law: Addresses the legal dimensions of international labor standards and service trade. Investment Law and Arbitration: Deals with the legal framework for international investments and dispute resolution. Intellectual Property Law: Governs the protection of intellectual property rights in the international arena.
Moens, Gabriel and Gillies, Peter; International Trade and Business: Law, Policy and Ethics (2nd ed, 2006) Pryles, Michael; Waincymer, Jeff and Davis, Martin; International Trade Law (2nd ed, 2004) Todd, Paul; Cases and Materials on International Trade Law (1st ed, 2003) van Houtte, Hans ; The Law of International Trade (1st ed, 1995)
As soft law, these principles help harmonize international commercial contract law by providing rules supplementing international instruments like the CISG and even national laws. Most importantly in private practice, they offer a neutral contractual regime which the parties can choose, either by incorporation into their contracts (in whole or ...