International Law

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International law is basically the rules and principles which controls and governs the trade relations within different nations around the globe. The international law can be specifically defined as the relation between individuals and states, and relation between different organizations operating on a global level. Basically there are two kinds of laws governing the international trade scene namely: public international laws and private international laws. Public international law is concerned with the rights between nations and its citizens whereas, private international laws deals with activities between private person, jurisdicaial or natural, in concern with relationship to more than one nation. However, recently the line existing between private and public international law has been very unpredictable. Even though both these laws are interconnected, many times in certain areas of activities conflicts and contradictions can normally arise.

1 International Law includes the basic, classic concepts of law in national legal systems - status, property, obligation, and tort (or delict). It also includes substantive law, procedure, process and remedies. International Law is rooted in acceptance by the nation states which constitute the system. International law is a crucial aspect in international trading and it is mainly concerned with cross border transactions. Since international traders are highly subjected to international trade laws and policies, they work in good collaboration with legal professionals and international trade consultants.

1 Cornell University of Law School. 2010. International Law. [ONLINE] Available at: http://topics. law.cornell .edu/wex/ International _ law. [Accessed 18 February 11].

Legal theori...

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... legal frame work related to international trade .The development and progression in transport, communication and technical field has given a new dimension to the commercial world and demands a high legal strategy from national and International legal authorities.

At the present stage, China and India are the rapidly progressing nations and the former has occupied the leading position in the international trade scenario. Every country in the progressive stage is upgrading and closely monitoring the trade policies to make the working procedures of commercial activities across the international boundaries easy and comfortable. Another major factor is that international trade is far more expensive and cost consuming than domestic trade and a strong and flexible trade policy is very essential for the free trade among nations to grow economically in a consistent way.

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