International Trade Law

Unit I — Introduction to International Trade Law

Basics of international trade and commerce–Historical background of the General Agreement on Tariffs and Trade (GATT1947)–The role of international trade in the global development · Sources of international trade law · International economic institutions

• General Principles of International Trade Laws, UNCITRAL, International Arbitration Laws and TRIPS
• GATT and WTO

Unit II — The WTO System

Evolution of WTO · Legal Structure · Principles and working of WTO · Understanding the structures of the Covered Agreements · Trade in Services (GATS) · Trade related aspects of Intellectual Property Rights (TRIPS) · Dispute settlement understanding

• WTO
• Trips Agreement, 1994
• GATT and WTO

Unit III — General principles of non-discrimination

Most-favored Nation Treatment (MFN) · History and Basic issues · GATT/WTO cases concerningMFN–Nationaltreatmentscopeandapplication–HistoryandBasicissues–Likeproducts · GATT/WTO cases concerning National Treatment

Unit IV — Exceptions and trade remedies

General exceptions · Security exceptions · Anti-dumping · Subsidies and countervailing duties · Safeguards · Protection of domestic market and India’s commitments to free trade

Unit V — Regional Integration and trade

Preferential trade agreements · Free Trade Areas · Customs Union · WTO Committee on Regional Trade Agreements (CRTA) · Transparency mechanism · Dispute Settlement