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It might be time to brush up on International Business Law
Each day, goods and services sold across national borders. And just as businesses at home are exposed to a myriad of laws, restrictions and special agreements, so are businesses in the international market.
Actual business international law is far more complex than national laws. While international business laws are presumed to be embraced by the latter (under the Doctrine of Incorporation adopted by most countries), there is a high possibility that a conflict would arise between the two laws.
International transactions are subject to such an international business laws as unilateral measures (see the nation or national laws), bilateral relations (such as the Canada-US Free Trade Agreement), multilateral agreements (GATT and WTO) and regional agreements (Including NAFTA and Mercosur). The international business person needs to arm themselves with some basic knowledge of these laws to carry on its business abroad.
Below are some tips to help you conduct research on international business laws that might be relevant to your business:
Find the relevant treaties
Most international business laws are based on treaties. So the first step in researching the international business laws is to find these treaties.
Many international organizations, focusing on trade and international business transactions helpful resources beyond the full text of international agreements. Alternatively you can also try to seek U.S. government agencies that assist companies with import and export ventures.
If you are not the names of these government agencies or you dont know where to find their websites, you can start to listen online guides that contain links to these sites. Pages that contains a list of links is especially useful to a person who is very new to international business law.
Where to find the full text of international agreements
The information you will find the resources given above are often very basic. Most of the time, they contain information about a specific international business law is applied. If you want to get a copy of the Full text of the International Compact, which guide is based, then you need to find sites that contain collections of the international business rules.
Here are some places you can start with:
* Lex mercatoria
* Trade and commercial relations
* Texts of Trade Agreements
* Trade and Related Agreements
* Private International Law Database
* United Nations Treaty Collection
Find Specific International Business Law
Apart from the above resources, you can also narrow your search to a specific trade agreement. There are many organizations and secretariats, which keeps websites aimed at to provide information on specific international business laws. Some of these sites are:
* Andean Community
* CARICOM
* The European Free Trade Association
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