International Trade Law: Principles, Practices, and Regulations

INTERNATIONAL
TRADE LAW

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................4
TASK 2............................................................................................................................................7
CONCLUSION ............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
International Trade means to regulate the business across the border's. There are various
rules and regulations which have to obey by the business companies with the help of the
lawyer's, who will help the companies to comply with the domestic law with the international
trade, and also helps the companies to apply the treaty- based international law governing trade.
In this report, the operations of international business towards the environmental regulations will
be discuss along with the theories(Amro,2019).
TASK
Critically explain the concept of strategic trade, environmental competition and
preferential trade arrangements in the international trade.
Strategic Trade- it is defined as the policy which builds the strategic relationship
between the firms in the domestic as well as in the international oligopoly. The main idea behind
the strategic policy is to raise the domestic welfare by transferring the profits from the
international markets to the domestic companies.
WTO main motive to allow the countries to do trade is to protect and preserve the
environment, while there is no agreement under the WTO dealing with the environment, there
are rules which the member can adopt to protect the environment(Van Noort2019).
Environmental competition- the growth in the world economy has put the direct impact
on the environment by increasing the level of pollution and by degrading the natural resources.
This will, become the challenge for the companies to control the environmental order while
doing the trade.
Preferential trade arrangements- it is an agreement between the countries which
diminish the tariffs and the barriers for the products under which the contract has been made
between the countries(Awdry2021).