Trade Law: New Practices Improve Business Confidence
International Trade Forum › Num. 3/2004, Juillet 2004
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Résumé
While trade barriers are falling, legal barriers are not. The number of countries has more than tripled in the past 50 years. Businesses find themselves dealing with more individual countries, each with their own commercial laws and legal systems. If there are more borders to cross, there's also more cross-border business. During the last 15 years, world exports for goods have grown on average 6% a year. Twenty years ago, people often associated business law with a particular nation. Today, they cannot afford to. A variety of international trade rules and practices - often outside the scope of national law - are shaping the way trade is conducted. With different business and legal cultures and practices across the world, small firms need help to export in terms they and their foreign business partners understand. Potential solutions include adopting common ground rules and fixing bottlenecks.
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Trade Law: New Practices Improve Business Confidence
While trade barriers are falling, legal barriers are not. The number of countries has more than tripled in the past 50 years. Businesses find themselves dealing with...
Voir le contenu complet de ce document
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