International Commerce
/ˌɪntərˈnæʃənəl ˈkɒmɜːrs/
Definitions
- (n.) Trade and commercial transactions that occur between businesses, individuals, or governments of different countries, governed by international trade law and treaties.
International commerce has expanded significantly due to globalization and trade agreements.
- (n.) The system and regulations governing the exchange of goods and services across national borders.
Disputes in international commerce often require arbitration under international trade conventions.
Forms
- international commerce
Related terms
See also
Commentary
International commerce involves complex legal frameworks, including treaties, regulations, and dispute resolution mechanisms, which drafters should carefully consider when addressing cross-border commercial activities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.