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International treaties Affect International Business Law - Essay Example

International organizations are focused on uniformity of their activities and they take great care to abide by the international treaties of the international businesses. In spite of certain structured forms, the rules for treaties’ compilation are the same. Two parties which are having a common deal should act in compliance with obligations outlined in treaties. In the face of the modern international organizations, international businesses should act with respect to the guidelines, conventions, treaties or any other documents issued by the organization of the United Nations, WTO or others. Business is governed by many countries in accordance with the principles of international regulations and the international law. The United Nations outlines specific requirements for international businesses in the spheres of trade and services. For example, the international trade of goods is developed under the influence of relevant conventions and treaties of the international law. Moreover, barriers of international trade can be removed and uniformity in the international market can be maintained. International trade can be divided among 65 member countries and every participant can bring in something new to the existent international treaties or laws (Hurd).
The objectives of the international treaties can be the following ones: they can increase profits of economy; improve and foster participation of contractors in spite of the nationality; promote international trade, etc (Jacobs). Moreover,

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The international law is a modern framework for the development of current business practices. There is no doubt that international businesses are connected and nowadays they are in a great need of the formation of international treaties and conventions. …
Author : juwan24
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International treaties Affect International Business Law
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