Friday 17 June 2011

International Economic Law

International economic law is a field of international law that regulates the behavior of states, international organizations and firms operating in the international arena. International economic law, as a sub-discipline of international law, subsumes the following fields:

  • Regional economic integration agreements, such as the European Union, ASEAN and other regional trade organizations;
  • International law and development and international development;
  • International commercial arbitration;
  • International intellectual property law;
  • International business regulation;
  • International trade law;
  • Aspects of international environmental law;


http://en.wikipedia.org/wiki/International_economic_law



International economic law regulates the international economic order or economic relations among nations. However, the term ‘international economic law’ encompasses a large number of areas.

It is often defined broadly to include a vast array of topics ranging from public international law of trade to private international law of trade to certain aspects of international commercial law and the law of international finance and investment.

The International Economic Law Interests Group of the American Society of International Law includes the following non-exhaustive list of topics within the term ‘international economic law’:

(1) International Trade Law, including both the international law of the World Trade Organization and GATT and domestic trade laws;

(2) International Economic Integration Law, including the law of the European Union, NAFTA and Mercosur;

(3) Private International Law, including international choice of law, choice of forum, enforcement of judgments and the law of international commerce;

(4) International Business Regulation, including antitrust or competition law, environmental regulation and product safety regulation;

(5) International Financial Law, including private transactional law, regulatory law, the law of foreign direct investment and international monetary law, including the law of the International Monetary Fund and World Bank;

(6) The role of law in development;

(7) International tax law; and

(8) International intellectual property law.

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