International Trade Disputes Settlement in WTO-A Brief Introduction
Schmitthoff defines ‘International Trade Law’ as: “- the body of rules governing commercial relationships of private law involving different nations”. The scope of this law, according to Schmitthoff is as follows: 1) international sale and purchase; 2) securities; 3) laws concerning activities regarding the conduct of international trade; 4) insurance; 5) transportation by land and rail, sea, air, and/or inland waters; 6) industrial property; and 7) commercial arbitration.
The World Trade Organization (WTO) is the only international organization that regulates international trade,…
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