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This course is intended to give students an awareness of the underlying regulatory framework that governs international commerce as well as a comprehension of the key subjects and activities. Students will gain an understanding of how domestic principles, rules, and practices interact with international standards and procedures that control international commerce.
Today, multinational firms handle more than two-thirds of all transnational commerce; at the same time, considerably over 90% of Australia's import and export trade in products is done by sea. International Commerce Regulation and Admiralty Law are critical to the administration of this trade. This course will concentrate on the international organizations and norms that govern international commerce.
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International Trade Regulation is a comprehensive, up-to-date summary of the statutory provisions of the Agreement on Tariffs and Trade (WTO) and some other multinational trade agreements.
International commerce enables nations to widen their businesses and get access to commodities and services that might otherwise be unavailable locally. The market has become more aggressive as a consequence of worldwide commerce. This eventually leads to more aggressive rates and a lower-cost product for the purchaser.