United nations commission on international trade law pdf

When world trade began to expand dramatically in the 1960s, national governments began to realize the need for a global set united nations commission on international trade law pdf standards and rules to harmonize national and regional regulations, which until then governed international trade. UNCITRAL’s original membership comprised 29 states, and was expanded to 36 in 1973, and again to 60 in 2004.

Member states of UNCITRAL are representing different legal traditions and levels of economic development, as well as different geographic regions. States includes 12 African states, 15 Asian states, 18 European states, 6 Latin American and Caribbean states, and 1 oceanian state. The Commission member States are elected by the General Assembly. Membership is structured so as to be representative of the world’s various geographic regions and its principal economic and legal systems. Members of the commission are elected for terms of six years, the terms of half the members expiring every three years. The methods of work are organized at three levels. Texts designed to simplify trade transactions and reduce associated costs are developed by working groups comprising all member States of UNCITRAL, which meet once or twice per year.

Non-member States and interested international and regional organizations are also invited and can actively contribute to the work since decisions are taken by consensus, not by vote. Draft texts completed by these working groups are submitted to UNCITRAL for finalization and adoption at its annual session. UNCITRAL, such as conducting research and preparing studies and drafts. This is the third level, which assists the other two in the preparation and conduct of their work. Coordinating the work of active organizations and encouraging cooperation among them. Promoting wider participation in existing international conventions and wider acceptance of existing model and uniform laws. Preparing or promoting the adoption of new international conventions, model laws and uniform laws and promoting the codification and wider acceptance of international trade terms, provisions, customs and practice, in collaboration, where appropriate, with the organizations operating in this field.

Promoting ways and means of ensuring a uniform interpretation and application of international conventions and uniform laws in the field of the law of international trade. Collecting and disseminating information on national legislation and modern legal developments, including case law, in the field of the law of international trade. Establishing and maintaining a close collaboration with the UN Conference on Trade and development. Maintaining liaison with other UN organs and specialized agencies concerned with international trade. A convention is an agreement among participating states establishing obligations binding upon those States that ratify or accede to it. A convention is designed to unify law by establishing binding legal obligations. To become a party to a convention, States are required formally to deposit a binding instrument of ratification or accession with the depository.