Lecture on International Trade Law by Professor Jaya

Introduction to International Trade Law

• Regulates International Commerce with two aspects:
  • Public aspect: Coordinates commercial policies of states, part of public international law
  • Private aspect: Governs international commercial relations between people of different states, covered by private international law
• Efforts to harmonize national laws governing international transactions (unification of law movement)
• Focus on public aspects in this class

Purpose of International Trade Law

• Promote free trade among nations: free buying and selling of goods across national frontiers
• Historical context: Emergence of modern state system and introduction of customs duties
• Adam Smith's advocacy for free trade in