International trade law refers to the body of rules and regulations that governs the relationships of nation states, for regulating their domestic markets in relation to international trade. The law regulates the global exchange of goods and services.
The General Agreement on Tariffs and Trade (GATT), is a multilateral treaty to deal with trade in goods comprises several rules on international trade. In addition, business is governed by provisions negotiated under the World Trade Organisation rules, The European Union’s Free Movement of Goods and Services and other specific worldwide agreements.
Trade makes the world’s economy go-round. Without strict rules there would be a mad free for all. Although somewhat beaurocratic and tied up in endless red-tape, those r ules are there to put things on a fairer level for all businesses and countries who wish to trade with others. The recent Brexit debate over the past 3 years has shown that the concept of ‘free trade’ is not easy task, and cannot be satrted from fresh – it is impossible for any country to make its own decisions by ignoring the existing rules.
Acheve Legal make it easier for you to understand the implications of doing business overseas. We guide you through the beaurcracy and legal minefields in plain English. We specialise in dealing with International Trade Contractrs, Maufacturing Agreements, NDA’s, NNDA’s, Joint Venture Agreements and various aspects of regulatory compliance.