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IMACERATA-DE7-FACE2FACE-2025-2025

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Unit content:

International trade is one central pillar of what is commonly referred to as globalization. Technical developments and liberalization in the area of international trade have had a tremendous impact on the volume of international trade in goods and services. In this unit, we will take a closer look at the main institutions and concepts of international trade. We will critically discuss the reasoning behind trade liberalization and how it is structurally embedded in international law. We will look at the various international organizations dealing with international trade with a special focus on the WTO and the main principles of the WTO legal system. We will also engage with Free Trade Agreements and their benefits and disadvantages in the light of the universal WTO regime.