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CASE #3 INTERNATIONAL TRADING POLICIES
To learn about an international trading organization by learning international trading
regulations and policies.
To have an overview of the main international trading policies and terms.
International trading policies are a set of laws and parameters designed to manage imports
and exports in international trade.
International Trading Regulations, Policies & Terms
An exchange of services and goods among nations across the world is known as
international trade. The international trade regulations include the suitable customs and rules for
managing trade activities among nations. Nonetheless, these are also used in legal writings as an
exchange among private sectors, which is appropriate. The exchange activities among the private
sectors of different nations are a significant part of the World Trade Organization (WTO)
activities. International trade regulation helps in monitoring deceptive or unfair business
practices or acts and it also highlights unfair methods used by the corporations to compete in the
international markets. Antitrust Law is considered a subset of trade regulation law, which
highlights the inefficiencies observed in trading partner nations and also facilitates keeping
checks over domestic trade activities that are critical to GDP.
The international trading policy, also known as commercial policy, is a set of regulations
and rules that are designed to change flows of international trade, predominantly to limit imports.
International trade law is a combination of legal rules derived from new lex mercatoria and
international legislation, which regulates relations in international trade. International legislation
is based on the international acts and treaties of international intergovernmental organizations
that regulate associations formed in international trade. On the other hand, lex mercatoria is the
law for merchants on land. The WTO is an international organization established in 1995to
monitor international trade and it played a major role in the development of international trading
law. The WTO does not dictate the actual rules, which are governed by the nations during