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Unformatted text preview: INTERNATIONAL BUSINESS LAW 1. Agreements between & among nations a. Treaty agreement b. Convention code adopted by an international organization c. Protocol official agreement, without the force of treaty d. Executive Agreement head of state reaches an agreement with another head of state 2. International Organizations a. United Nations b. World Bank, International Monetary Fund c. Regional organizations, eg. European Union, NAFTA 3. General agreement on Tariffs & Trade (GATT) a. The Uruguay Round created the World Trade Organization (WTO) which replaces GATT. Purpose of WTO is to reduce trade barriers and provide a dispute mechanism to resolve trade barrier disputes 4. International Custom a. U.S. Constitution says we cannot tax exports U.S. Laws 1. Article 1. Section 8 of the US Constitution Commerce Clause Article II, Section 2, Presidential Authority to make treaties....
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- Spring '08
- Business Law