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Connect with the facts

Harmonization and codification

Instruments – legislative, contractual ,

UNIDROIT

EXAMPLE OF NON GOVT AGENCY – ICC

These two were prior organization before UNCITRAL. After the league if antion it was
reestablished in 1940 . UNIDROIT via league of nations. Later was rejuvenated in 1940 for
unification of laws through multilateral agreements

Reasons for fall of UNIDROIT AND UCC

Enforcement subject to private parties

Intergovernemt agencies membership was limited to developed countries.

AFTER UNCITRAL

Focus over economic benefits and incentives to developing countries.

Broader in objective - not on trade and talked about world peace and human development.

Tools of harmonization and codification

Legislative – gives a framework of rules. Gives guides. Possible solution to problems

Contractual - Convention – multilateral treaty agreement. Flexibility for the states

Through contracts can do harmonization.

Explanantory - how can u draft a contract to avoid issues in future

Combination of these.

Uncitral and economic

Sdg target 8 and 9 are

Trade
Msme – un give credit facilities

E-commerce

Target 8.9 and 8.10 – MSME to boost their wealh

Target 9 – industries and infrastructure – consonance with variuous technological

advancements