|International Trade Law - JURD7472|
A study of the legal environment of international trade transactions, consisting of the role and structure of global and regional legal and economic institutions and national government regulations affecting trade. The course is intended to provide students with a working knowledge of the fundamental relations affecting international trade. The course will start with a basic introduction to the various economic theories and ideas with regard to trade, show the historic development of international trade and address some of the challenges of 'globalisation'. Furthermore, the course will explore the new global system governing international trade under the World Trade Organization (WTO) and its specialised agreements. The dispute settlement system (DSU) of the WTO will also be studied by looking at the case law of the GATT/WTO panels and the WTO Appellate Body. An outlook will be given on such issues as Trade and Investment, Trade and Competition Rules, Trade and Environment, Trade and Social Standards, etc. The course will finally also look in a comparative way at the most important of today's regional trade agreements such as the Internal Market of the European Union (EU) and its related agreements, NAFTA (North American Free Trade Agreement), ASEAN, APEC (Asia-Pacific Co-operation), Mercosur (Argentina, Brazil, Paraguay, and Uruguay) and FTAA (Free Trade Area of the Americas).
Corporate and Commercial Law; Corporate, Commercial and Taxation Law; International Law; International Business and Economic Law.
Recommended Prior Knowledge
Some basic knowledge of and/or interest in economics are of advantage though not a prerequisite.
The course is intended to give students the tools to understand the recent developments in international trade and with regard to globalisation and enable them to apply the general principles to new situations and future trade agreements.