International Trade
/ɪntərˈnæʃənəl treɪd/
Definitions
- (n.) The exchange of goods and services across international borders regulated by treaties, customs laws, and trade agreements.
International trade agreements aim to reduce tariffs and promote cross-border commerce.
- (n.) The body of law governing transactions and disputes arising from cross-border commerce, including import/export regulations, tariffs, and dispute resolution.
International trade law covers issues like tariffs, customs compliance, and trade sanctions.
Related terms
See also
Commentary
In legal drafting, distinguish international trade as a commercial activity from its regulatory framework, often treated under international trade law.
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.