Law of International Trade

Law of International
Trade

TABLE OF CONTENTS
TABLE OF CONTENTS............................................................................................................................2
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
RTA Agreements.....................................................................................................................................3
Complications faced by UK.....................................................................................................................4
GATT Agreement....................................................................................................................................5
MFN ( Most favored nations)..................................................................................................................5
Brexit and its impact on UK and EU.......................................................................................................7
CONCLUSION...........................................................................................................................................9
REFERENCE..............................................................................................................................................9

INTRODUCTION
International trade law is mainly the set of legal rules through which all the regulations
and the relations in international level can be maintained. It implies all the treaties and the acts
through which the intergovernmental organizations used to regulate the relationship (Gehring,
2018).It covers all the rules and the customers through which various trade relations are being
maintained in the countries and all the imports with the material injury through the domestic
industries can be carried out. Report will cover all the important agreements that are being done
by UK for being in the Commonwealth area and also about the most favored nation MFN with
certain impact on UK on the withdrawal from European Union. Will also deal with GATT
agreement and various complications that are being seen in RTA agreement.
MAIN BODY
RTA Agreements
RTA agreements are usually the non-discriminating trade agreements between the
partners as in order to constitute the exemptions which are being authorized by WTO. It is
mainly all the treaties which are being signed between two or more governmental organizations
which used to agree in order to offer an important treatment in relation to trade between the
goods that are being imported from outside the region. There are approximately 339 RTA which
in force and are being notified by GATT or from WTO. As there is being seen that there is
always a free trade between all the Commonwealths nations they had removed the resign through
which it will not be any preference system. As in order to get interest in the Commonwealth UK
has when removed itself from EU member states that made and re-joining as to get in the
Commonwealth (Gunadi, 2018). As UK being a member of WTO and was always being availed
in order to sign all the treaties which are being made between the countries through RTA is being
made for it.