Nobody downloaded yet

International Trade Law - Assignment Example

Comments (1) Cite this document
This paper attempts to trace the major points of the Dispute relating it to the laws of the World Trade Organization (WTO) where necessary. It also presents a prediction on the likely outcome of the dispute. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
International Trade Law
Read TextPreview

Extract of sample "International Trade Law"

Download file to see previous pages The hunting of seals in Canada in the adjoining waters of the Arctic Ocean is believed to have begun in the 16th century. Seal hunting for commercial purposes grew into an important trade in the 1980s decade in Canada. This mainly includes the Inuit group of people, the residents of Atlantic Canada and also North Canada. The United Nations in its Declaration on the “Rights of Indigenous Peoples” has recognized this seal hunting practice as a means of livelihood for the Canadian residents. According to an estimate in 2005, about 329,829 harp seals were killed by the indigenous people of Atlantic Canada and Quebec. They also produced $ 15.43 million worth of “exports of identifiable seal products”. The extent and importance of the seal hunting trade in Canada renders it very difficult for the Canadian authorities to pronounce an end to this practice.
The European Union bans Seal Products
Canada was supposed to attend a summit meeting with the European Union to discuss further prospects of trade between the two countries and open up new markets. On 16 September 2009, the European Parliament and the European Communities declared a Regulation (EC) No. 1007/2009 stating a prohibition in the import and sale of all seal products manufactured from the commercial hunting of seals....
eal hunts carried out in a traditional practice by the Inuits and other indigenous communities and byproducts from similar regulated hunts, would be allowed to trade in the European Union.2 The Canadian Government expressed its disappointment on the development and vowed to take the issue to the World Trade Organization (WTO).3 Canada was of the opinion that in the case the EU imposed a restriction on seal products made out of commercial hunting, the country should be exempted from it since Canada followed strict guidelines to ensure that the seal hunting methods in the country were humane and were sustainable in the long run. The Effects of Such a Regulation According to the European Commission, the trade exchanges between Canada and the European Union are worth around EUR 70 billion or $ 93 billion in a single year. If the Canada and the European Union agreed to expand their bilateral trade, this could generate an additional trade exchange worth EUR 20 billion. However, the EU Regulation regarding the prohibition of the import and sale of seal related products from commercial hunting, in the EU markets could have serious implications for the bilateral trade between the two countries. Once the Regulation (EC) No. 1007/2009 comes into effect, the value of seal products imported by the EU from Canada will decrease drastically, as then only the seal products made out of legitimate hunting methods will only be permissible to enter the EU market. Therefore, Canada will be compelled to turn to other countries of the world for the export of its seal products, following the decline of the EU as one of its important importers in this trade 4 Canada’s Arguments On 2 November, 2009, Canada expressed its desire to engage in a consultation with the European Communities regarding ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“International Trade Law Assignment Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved de
(International Trade Law Assignment Example | Topics and Well Written Essays - 2250 Words)
“International Trade Law Assignment Example | Topics and Well Written Essays - 2250 Words”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
boyleconor added comment 10 months ago
Student rated this paper as
Helpful paper! Used it to complete an assignment for a business course. It was easy as ABC, for the first time in my life.

CHECK THESE SAMPLES OF International Trade Law

International trade law

...for the merchandise at that time, the burden was on the Dutch company company to show that they were entitled to the merchandise, therefore would bear the burden of the risk. The Parchim court found that the Dutch company was entitled to the merchandise, due the rule in f.o.b. contracts that the risk passes at shipping. There is another aspect to this question, and that is whether or not the parties had adopted International Chamber of Commerce Rules for the Interpretation of Trade Terms ("Incoterms"). If they explicitly adopted these terms, then this would supersede the Convention and English law, for the parties' agreement controls. Even if they did not explicitly adopt these terms, a...
15 Pages(3750 words)Essay

Music under Stalin

4 Pages(1000 words)Essay

Turkish invasion of Cyprus

14 Pages(3500 words)Essay

International Trade Law

...1 INTERNATIONAL CONTRACTS (INTERNATIONAL TRADE LAW 2) Basic to the exportation and importation of products from one county to another is an organised, effective and regulated method of transporting these goods. Internationally accepted laws such as the Hague Visby Rules 1968 and the Hamburg Rules 1978 govern today's international trade transactions. Both laws also define the liabilities, duties and rights of the three parties in maritime trade i.e. shipper, the common carrier and the consignee. Both set up international rules for the carriage of goods by sea for the...
12 Pages(3000 words)Essay

International Trade Law Assignment

...Running Head: International Trade Law Assignment International Trade Law Assignment s International Trade Law Assignment The World Trade Organization is an international organization dealing with the global rules of trade between nations. It was created as a result of the Uruguay Round negotiations between 1986 and 1994. There are currently 150 members of the WTO with many more nations currently negotiating for membership. Headquartered in Geneva, Switzerland, the primary objective of the WTO is to help trade flow smoothly, freely, fairly and predictably. At its heart are the WTO agreements, negotiated and signed by the bulk of the worlds trading nations and ratified in their parliaments. At the apex is the Ministerial Conference... , with...
6 Pages(1500 words)Essay

International Trade Law

...Swarna Word count:2530 P.Swarnalatha ID # 5448 Order # 158109 23rd March 2007 International Trade Law Based on Trans-Oriented Marine Corp v. Star Trading and Marine , Inc 731 F. Supp.619(SDNY;1990) find, read and brief the Trans-Orient case and answer: : In 1983 Trans-Orient was granted a five-year exclusive agency agreement to represent the Sudan in the United States. Two years later, a military coup deposed the then head of state in the Sudan, declaring a state of emergency and suspending the constitution. A twelve-month transitional military regime followed, which was then replaced by a civilian coalition government. At that time, the name of the country was changed...
9 Pages(2250 words)Essay

International Trade Law

...International Trade Law Introduction Before being able to interpret or critically assessed Article XXIV of the General Agreement on Tariffs and Trade, an overview of the principles and other facts of GATT and the World Trade Organization (WTO) should be discussed in order to have a basis on what Article XXIV of the General Agreement on Tariffs and Trade (GATT) is all about. While the aforementioned GATT article pertains to customs unions and free trade areas, the statements within its provisions conform to GATT and WTO facts and principles. The General Agreement on Tariffs and Trade was created by the...
15 Pages(3750 words)Essay


... Transactions?’ International Review of Business Research Papers, .3 (2) June, Pp. 41 –53 Bolero, 1999, The Bolero Service: Business Requirements Specification, version 2.0, The Bolero Project, 9 Jan., available at accessed 27 December 2009 Clarke, D. 1999, ‘Wire News: Unclogging International Trade’, Wired, July, 8. D’Arcy, Murray and Cleave, 2000, DArcy, L, Murray, C & Cleave, B 2000, Schmitthoffs Export Trade: The law and practice of international trade, Sweet and Maxwell, London, U.K. Dixon Mark and Glasson Bernard, Electronic Payment Systems for International Trade, Klein, CH 2006, Letter of Credit Law Developments, Jenner... & Block LLP, Chicago, Il, USA. Geva, B. 1995, International Funds Transfers:...
10 Pages(2500 words)Essay

International Trade Law this stage when ownership had not passed from Megastores to Toys4U, then the former should shoulder the damage. This contention is supported by Philip Head & Sons v Showfronts Ltd., [1970] 1 LloydÆ Rep 140, where the court ruled that damage sustained by the property subject of a sale and not in a deliverable state is shouldered by the seller. In that case, the sale agreement was for a big, heavy rolled carpet, which had to be bought to the buyer’s place, unrolled and laid it on the floor. Before the carpet could be unrolled and laid, it was stolen. The court ruled that the seller must shoulder the loss because the carpet was not, at that time, in a deliverable state. References Carr, I & Stone, P 2005,...
4 Pages(1000 words)Term Paper

Private International Trade Law

...Running Head: PRIVATE INTERNATIONAL TRADE LAW Private International Trade Law No] Private International Trade LawQuestion 1: Critically discuss the implications of the chosen contract law for the parties, and deal specifically with these issues: • Which rules will the arbitrator apply as lex mercatoria? Will the arbitrator have to (or be able to) apply CISG as the UK is not a contracting party  Support your answer with references to judicial decisions and journal articles. You do not need to apply the conflict of law rules. Introduction International...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic International Trade Law for FREE!

Contact Us