International Trade Laws

International Trade Laws: - To day government of each and every country has taken a part of international business through import and export good internationally and they became a member of the World Trade Organization, The private sector of different countries is playing the important part for carrying the business. This law in instituted and includes the appropriate rule and the custom for handling trade between countries.

International Trade Law should be distinguished from International Economic Law. This law governing the international monetary system and the currency regulation as well as the law of international Development.

Lex mercatoria and lex maritma- It is the body of rules for transaction trade in the twenty first century derives from medieval commercial law.

International treaties and acts of international inter governmental organization regulations in international trade is called lex mercatoria – the law for merchants.
Scope of WTO - It provides the framework for administration and implementation of agreement and providing forum for further negotiation and trade policy review mechanism and also promoting greater coherence among members economic policies.

Principles  of WTO – The main principle of non discrimination and market access and balancing the trade leberisation and other society; interests and harmonization of national regulation (TRIPS Agreement, TBT Agreement, SPS Agreement).


World Trade Organization, dispute settlement body is operating since 1995 and has been very active, nearly a quarter of disputes reached an amicably solution by this Organization. The World Trade Organization, Dispute Settlement Body has compulsory and exclusively jurisdiction over the dispute of World Trade Organization Law, as per article of 23.1 Dispute Settlement Understanding.