World trade law

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The international trade law is the law of the World Trade Organization (WTO).

description

World trade law includes the agreements of the WTO legal order , as well as trade issues in regional and bilateral agreements. These include, for example, free trade agreements , regional legal systems of integration and multinational contracts in which special rights are created for certain goods. The latter include, among other things, raw material agreements. Also, conventions on intellectual property rights ( Convention on Trade-Related Aspects of Intellectual Property Rights , TRIPS), rules on dispute settlement and rules for monitoring the conventions are covered by world trade law. World trade law is binding for all WTO members. WTO members are free to ratify the two plurilateral agreements, the Government Procurement Agreement and the Civil Aircraft Trade Agreement .

The WTO legal system thus regulates five areas:

  1. trade in goods,
  2. trade in services,
  3. intellectual property rights,
  4. the repressive and preventive legal implementation and
  5. plurilateral agreements.

World trade law is of central importance for the cross-border exchange of goods and services , but shows a very high degree of complexity.

literature

Individual evidence

  1. ^ A b Markus Krajewski: International Economic Law. Hüthig Jehle Rehm, 2009, ISBN 978-3-8114-9629-3 , p. 39. ( limited preview in Google book search)
  2. ^ A b c Christian Tietje: WTO and law of world trade in goods. In: Christian Tietje (Ed.): Internationales Wirtschaftsrecht. Walter de Gruyter, 2009, ISBN 978-3-89949-664-2 , p. 147. ( limited preview in Google book search)