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Role Of International Organization In Trade

3356 words - 14 pages

Role of International Organization in Trade
Role of International Organization in Trade 2
Introduction 3
1- European Union 3
Introduction 3
European Union law 4
Role of European Union in international trade 5
European Union and the Maldives 6
2- Internal Chamber of Commerce (ICC) 6
Introduction 6
• Arbitration: 6
• Pre-arbitral Referee: 7
• Appointing Authority 7
• ICC Dispute Board Rules 7
• ICC International Centre for Expertise 7
• ICC International Centre for Expertise: 8
Role of International Chamber of Commerce in International Trade 8
Maldives and International Chamber of Commerce 8
3- United Nations Commission on International Trade Law ...view middle of the document...

European Union
2. International Chamber of Commerce (ICC)
3. United Nations Commission on International Trade (UNCITRAL)
4. Organization of economic Cooperation And Development
5. International Institute for the Unification of Private Law (UNIDROTT)
1- European Union
The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The Union is the latest stage in a process of integration begun after World War II, in 1958, initially by six Western European countries: Belgium, Germany, France, Italy, Luxembourg and the Netherlands, to foster interdependence and make another war in Europe unthinkable. Today, the EU is composed of 28 member states, including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent and created a single market and continues to develop towards its full potential.
On a multitude of economic and social policies (previously termed Pillar One, or the European Community), EU members have essentially pooled their sovereignty and EU institutions hold executive authority. Integration in these fields—which range from trade and agriculture to education and the environment—has traditionally been the most developed and far-reaching. EU decisions in such areas often have a supranational quality because most are subject to a complex majority voting system among the member states and are legally binding.
European Union law
The European Union has its own legal order which is separate from international law and forms an integral part of the legal systems of the Member States. The legal order of the Union is based on its own sources of law. The three sources of European Union law are primary law, secondary law and supplementary law. Primary legislation is represented by the Treaties and general legal principles. This is followed by international agreements concluded by the Union, and secondary legislation, which is based on the Treaties.
• Primary legislation
Primary legislation includes in particular the Treaties and other agreements having similar status. Primary legislation is agreed by direct negotiation between the governments of Member State. These agreements are laid down in the form of Treaties which are then subject to ratification by the national parliaments. Treaties provide the basic principles on which European law is founded. Treaties set out a broad framework and establish fundamental legal concepts. Treaties create, give authority to and impose restrictions on the power of the institutions. All treaties are generally held to be directly applicable. The main Treaties are:
•Treaty of Lisbon
•Treaty of Nice
•Treaty of Amsterdam
•Treaty on European Union
•Single European Act (SEA)
•Merger Treaty
•Treaty of Rome
•Treaty establishing the European Coal and Steel Community
• Secondary legislation
While the treaty provides a...

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