United Nations Commission on International Trade Law

Definitions

Economics

  • A legal body created in 1966 to formulate and harmonize national rules on international commercial transactions. It includes 36 member states elected by the UN General Assembly, representing various geographic regions and economic and legal systems. It differs from the WTO in its more technical focus and its broad representation.
  • acronymUNCITRAL
  • United Nations Commission on International Trade Law
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