top of page

International Trade Law and Policy

International trade law and policy refers to the legal and regulatory framework that governs the exchange of goods and services between countries. It encompasses the rules, agreements, and regulations that govern trade in goods and services, as well as the protection of intellectual property rights and the resolution of trade disputes. One of the main institutions that govern international trade is the World Trade Organization (WTO), which was established in 1995 to promote free and fair trade between its member countries. The WTO administers trade agreements and provides a forum for negotiating new trade agreements, as well as resolving trade disputes through its dispute settlement mechanism. In addition to the WTO, there are also a number of regional trade agreements, such as the North American Free Trade Agreement (NAFTA) and the European Union (EU), that promote trade and investment among member countries. International trade law and policy also encompasses the protection of intellectual property rights, such as patents, trademarks, and copyrights, through international agreements such as the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The most important aspect of international trade law is the General Agreement on Tariffs and Trade (GATT), which is a legally binding agreement that governs the tariffs and other trade barriers that countries impose on imported goods. GATT is a multilateral agreement, which means that it is binding on all WTO members. In recent years, there has been a growing focus on sustainable trade and the impact of trade on the environment and labor standards. This has led to the inclusion of sustainable development provisions in trade agreements, such as the inclusion of labor and environmental chapters in the Trans-Pacific Partnership (TPP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) In summary, international trade law and policy refers to the legal and regulatory framework that governs the exchange of goods and services between countries. It encompasses the rules, agreements, and regulations that govern trade in goods and services, as well as the protection of intellectual property rights and the resolution of trade disputes. The World Trade Organization (WTO) is one of the main institutions that govern international trade, but there are also a number of regional trade agreements that promote trade and investment among member countries.


0 comments

Related Posts

See All

Comentários

Avaliado com 0 de 5 estrelas.
Ainda sem avaliações

Adicione uma avaliação
bottom of page