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what are the different types of regulations governing international trade ? one of u answers in...

what are the different types of regulations governing international trade ?

one of u answers in not clear handwrite can't understand please answer my question clear and make sure specific the regulations names thansk

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Answer #1

Trade regulations in international reference refers to export and import controls that affect the trade. There are a number of regulations that govern the international trade in United States,

  1. Arms Export control act: Arms Export control acts regulated trade of goods related to military weaponry.
  2. General Agreement on Tariffs and Trade: It is a regulations or treaty to eliminated trade barriers and bolster commerce and increase world trade among member countries.

Apart from this there are numerous acts and regulations that regulate regional trade in international environment and include The European Union regulations, North American Free Trade Agreement (NAFTA) and The United Nations Convention on Contracts for the International Sale of Goods (CISG).

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