Trade Law
/ˈtreɪd lɔː/
Definitions
- (n.) The body of law governing international and domestic commercial transactions and the exchange of goods and services between entities and countries.
Trade law regulates tariffs, import quotas, and commercial agreements between nations.
- (n.) Legal rules and treaties addressing trade practices, dispute settlements, and regulation of commerce to promote fair trade.
The World Trade Organization enforces trade law among member countries to resolve disputes.
Related terms
See also
Commentary
Trade law often overlaps with commercial law and international agreements; drafters should specify jurisdiction and context for precision.
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.