Unification of International Trade Law:

1. UNCITRAL - United Nations Commission for International Trade Law.

Established in 1966 by UN General Assembly. Initial member was 66 countries. HQ
is in Vienna, Austria. Tenure of member states is 6 years. It’s purpose is to decrease
the barrier of international trade law by it’s legislative techniques. UNCITRAL has
made several conventions (like UN Convention on Contracts for the International Sale
of Goods, 1980; UN Convention on Limitation Period of International Sale of Goods,
1974; UN Convention on the Carriage of Goods by Sea, 1978/ Hamburg Rules) and
several guidelines. They have also made various model laws as legal texts
(UNCITRAL Model Law on International Commercial Arbitration,1985; UNCITRAL
Model Law on Electronic Commerce, 1996; UNCITRAL Model Law on Electronic
Signature, 2001. They have also made CLOUT or Case Laws On UNCITRAL Trade.
As an Inter-Governmental Organization it has done several other notable works.

2. WTO - World Trade Organization, was originated in 1995. It’s HQ is in Geneva

and only 164 countries are it’s members. It was founded by the Uruguay or Marrakesh
Agreement. It is an Inter Governmental Organization and it’s responsibilities are like
resolving various conflicting trade issues and making various rules. Trade Negotiation
through making Agreements, Implementation and Monitoring of Agreements by state
parties, Resolving Disputes through DSU (Dispute Settlement Understanding) and
providing Dispute resolving rules, building trade capacity by equalizing between
developed states, developing states and least developed states, Outreach of WTO’s
Programs by Conferences or Symposiums to raise awareness regarding international
trade services.

3. ICC - It’s a non Governmental Organization, it was established in 1919. Its HQ is

in Paris, France. One of it’s Notable work is INCO Terms. ICC’s Uniform Customs
and Practices for Documentary Credit (UCP) is their another production which is also
globally recognized by governments as the rules for banks to execute their
international trade operations.