1. Unit – I Nature and Scope of International Trade Law and its Traditional relationship with International Law 2. Definition of International Economic Law 3. Sovereignty of States – Reality of International Trade 4. Developments in International Trade 5. End of the Cold War 6. Economic Globalisation Unit – II Foundations and Concepts of International Trade Law 1. Basic Concepts of International Trade Law 2. Most Favoured Nation (MFN) 3. MFN and GATT 4. Non-Discrimination – Equality of States 5. The Role of Sovereignty in the Development of International Trade Law 6. Unit – III The Regulatory Role of the United Nations in Promoting Economic Growth and Development 7. The Bretton Woods Financial and Monetary System 8. Regulatory Role of the United Nations 9. Functions of UNCTAD 10. UNIDO 11. New International Economic Order (NIEO) 12. Loss of appeal of the NIEO 13. The Cartagena Commitment Unit – IV World Trade Organisation ITO, GATT AND WTO
International Trade Organisation and GATT Structural Format of WTO Objectives of the WTO Package approach WTO Forum for Settlement of Disputes Specific Functions of WTO Entering or Withdrawing Decision Making Structure of the WTO Different Committees Basic Principles of WTO 1. Most-Favoured-Nation (MFN) or Non-discrimination Between Members: 2. National Treatment or Non-discrimination Between Goods: 3. Freer Trade: Gradually Through Negotiation: 4. Predictability: Through Binding and Transparency: 5. Promoting Fair Competition: 6. Tariffs: Cuts and Bindings 7. More Bindings 8. The Built-in Agenda
Unit – V General Agreement on Tariffs and Trade (GATT) Outline of the GATT Agreement, 1947 Brief overview of the General Clauses of GATT, 1947 GATT 1994 General Elimination of Quantitative Restrictions
Unit – VI General Agreement on Trade in Services (GATS)
GATS in Brief Modes of Supply Cross-border Trade: Consumption Abroad: Commercial Presence: Presence of Natural Person:
Unit VII – Trade Related Aspect of Intellectual Property Rights (TRIPs) The intent behind TRIPs
TRIPs Coverage: 1. Patents 2. Designs 3. Trademarks 4. Copyrights 5. Geographical Indication of Goods (also known as Geographical Appellations of Origin) 6. Trade Secrets 7. Layout of Integrated Chips (IC)
Unit VIII – Dispute Settlement Mechanism under WTO Unit IX – Case Study 1. Korean Soju case 2. Canadian Dairy case 3. The case of Codling Moth 4. Copy Right Tales 5. The Banana War 6. Basmati Rice 7. Bed Linen I&II 8. Disputes :217,222,267,285 etc.
Unit X- International Conventions Relating to International Trade I. UNIDROIT Convention Relating to a Uniform Law on the Formation of Contracts for the International Sale of Goods (1964) Types of Commercial Contracts 1. Definite Quantity Contract: 2. Firm – Fixed – Price (FFP) Contract: 3. Fixed – price Contract: 4. Time – and – Materials (T&M) Contract: II U.N. Convention on Contracts for the International Sale of Goods (CISG) Vienna Convention, 1980 Contract of International Sale of Goods Conclusion of a contract Obligations of the Seller Breach of Contract Obligations of the Buyer Remedies for Breach of Contract by the Seller (Buyer’s Remedies) Remedies for Breach of Contract by the Buyer (Seller’s Remedies) UNIT XI- Carriage of Goods by Air UNIT XII - Carriage of Goods by Sea and Multimodal Transport Reference Books 1.Agreement on Tariffs and Trade(GATT)World Trade Organisation(WTO):Law, Economics and Politics by Koul, Autar Krishan 2. WTO: Text&Cases by Rao Palle Krishna 3. The WTO and International Trade Law/ Dispute Settlement by Mavroidis, Petros C and Sykes, Alan o ed 4. Trade in Goods: The other WTO Agreements 5. The WTO Deadlocked: Understanding the Dynamics of International Trade by Chakrabarty, D &Khan Amirullah 6. Intellectual Property Rights in the WTO and Developing Countries by Watal 7. Study Material on International Trade Law by NALSAR Teaching Methodology/Plan As the course is designed to cover the subject in 12 units, it is contemplated to teach the same through lecture method in three parts. Each part comprises of four units. One part takes 20 classes approx.