FUNDAMENTAL

PRINCIPLES OF
INTERNATIONAL
ECONOMIC LAW

BY GAYATRI JAGTAP
1
PRN 18010167003.
1. Economic Sovereignty
2. Permanent sovereignty over natural
resources
3. Territorial Integrity
4. Respect For Human Rights.
5. Promotion Of International Social Justice
6. Preferential Treatment To Developing And
Least Developed Counties

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 Economic Sovereignty
• It is one of the critical components of national
independence.
• It is the ability of nation to exercise sovereignty
over their economic resources.
• Concessions were foreclosed to effective
sovereignty.

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 Respect For Human Rights
• International economic law seek to achieve
similar outcomes ,namely the protection of
certain rights so as to promote human flourishing.
• International Economic Law focuses on the rights
of privileged few, namely foreign traders and
investors, which may lead to the inevitable
prioritisation of their rights.

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 Permanent sovereignty over
Natural Resources

• In 1962,UN passed a resolution in the general

assembly that called for the rights of peoples to
exercise permanent sovereignty in their natural
resources.
• The 1962 resolution received unanimous support
in the UN General assembly.

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 Territorial integrity
• It is the principle that prohibits states from use of
force against the Territorial integrity or political
independence of another state.
• It is a political term, has been recognized as
customary international law.
• Post world war II strict application of territorial
integrity has given rise to number of problems.

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 Promotion Of International Social
Justice
• Social Justice is an underlying principle for
peaceful and prosperous coexistence within and
among nations.
• Social Justice For all is at core of our global
mission to promote development and human
dignity.
• Social Justice results in socio-economic benefits.

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 Preferential Treatment To
Developing And Least Developed
Countries
• The WTO Agreements contain special provisions
which give Developing countries special rights.
• Which includes longer time periods for
implementing agreements and commitments or
measures to increase trading opportunities for
developing countries.
• Provisions requiring all WTO members to safeguard
the trade interests of developing and least developed
countries. 8
Thank you