ABSTRACT

The massive growth in international trade and the explosion of information technology are leading towards a global trading market and economic interdependence of the various nations. Perhaps this will eventually lead to a world government of sorts, with international trade being an arm of government. In the meantime, there is a complex myriad of treaties, laws, rules and guidelines for those involved with international trade to decipher. The importance of an understanding of the laws governing international trade transactions to a corporate and commercial legal practitioner cannot be understated.