Journal of Engineering and Applied Sciences
ISSN: Online 1818-7803ISSN: Print 1816-949x
Abstract
The analysis of the notion, judicial nature and mechanisms of international trade law is carried out. International trade law was historically comprised of trade customs which were subsequently consolidated into commercial codes. Later on bilateral contracts were concluded. However, a tendency towards multilateral regulation came into being only in the second half of the 20th century. Seven periods are singled out in the development of international trade law. Formation and development of international trade law is dependent on the foreign policy and domestic policy prerequisites as well as tendencies typical of international trade relations as such. Basic principles of international law are a system-forming centrepiece of international trade law.
How to cite this article:
V.A. Nikiforov and E.A. Khovanskaya. Development of International Trade Mechanisms.
DOI: https://doi.org/10.36478/jeasci.2017.1107.1112
URL: https://www.makhillpublications.co/view-article/1816-949x/jeasci.2017.1107.1112