ABSTRACT
International economic law deals primarily with the regulation of international economic affairs between two or more states. Nonetheless, international economic relations also engage other subjects of international law, as well as private natural and legal persons operating in cross-border economic transactions. The legal rules for international economic relations are provided substantially by international private law and the national laws of the states, which are, however, beyond the scope of this chapter. Thus, the chapter predominantly discusses only that part of the legal regulations which holds an intergovernmental nature and, therefore, is an essential component of international public law. International economic law covers many areas of cross-border economic co-operation between subjects of international law. However, its main objectives are the international financial system, international trade, and investment. Thus, under the umbrella of international economic law, such subfields as international finance law, international trade law, and international investment law have been developed.
