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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | THE DYNAMICS OF INTERNATIONAL TRADE LAW : NAVIGATING CHALLENGES AND OPPORTUNITIES |
| Authors Name: | Anubhav |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_218091
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| Published Paper Id: | IJNRD2404573 |
| Published In: | Volume 9 Issue 4, April-2024 |
| DOI: | |
| Abstract: | International trade law serves as a foundational framework that governs the complex web of interactions between nations engaged in cross-border commerce. In the contemporary globalized economy, characterized by intricate supply chains and diverse economic interests, the significance of international trade law cannot be overstated. This legal framework is designed to establish rules, norms, and principles that facilitate fair, transparent, and predictable trade relations. One of the core principles of international trade law is the promotion of non-discrimination through the Most-Favoured-Nation (MFN) and National Treatment principles. These principles ensure that nations extend equal treatment to trading partners, fostering a level playing field and minimizing discriminatory practices. Transparency is another key element, with countries obligated to provide clear information about their trade policies and practices, contributing to a more informed and predictable global trading environment. International trade law addresses disputes through mechanisms like the World Trade Organization's Dispute Settlement Understanding, providing a structured process for resolving conflicts and enforcing compliance with trade agreements. This dispute resolution mechanism enhances the stability of international trade relations by offering a forum for fair and impartial adjudication. In the contemporary era marked by technological advancements, environmental concerns, and shifting geopolitical landscapes, international trade law remains adaptable. It responds to emerging challenges, balancing the interests of diverse nations and promoting sustainable economic development. As nations navigate the complexities of global trade, international trade law stands as a vital instrument, fostering cooperation, mitigating uncertainties, and contributing to the harmonious functioning of the interconnected global economy. |
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| Cite Article: | "THE DYNAMICS OF INTERNATIONAL TRADE LAW : NAVIGATING CHALLENGES AND OPPORTUNITIES ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 4, page no.f594-f604, April-2024, Available :http://www.ijnrd.org/papers/IJNRD2404573.pdf |
| Downloads: | 00027 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2404573 Registration ID: 218091 Published In: Volume 9 Issue 4, April-2024 DOI (Digital Object Identifier): Page No: f594-f604 Country: jaipur, Rajasthan, India Research Area: Other Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2404573 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2404573 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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