United Nations Commission on International Trade Law


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United Nations Commission on International Trade Law

Also called UNCITRAL. An organization under the United Nations that was established to promote international trade by standardizing regulations to promote predictability in trade. Among other activities, UNCITRAL prepares model laws for member states to implement and coordinates with other bodies that work in the same field. It was established in 1966.
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Kuwait's membership ends in 2019 The mission of United Nations Commission on International Trade Law is to modernize and harmonize rules on international business.
In July 1996, the United Nations Commission on International Trade Law adopted a "Model Law on Electronic Commerce." In retrospect, it was a forward-looking piece of lawmaking, given that the Internet -- the principal vehicle for global e-commerce -- was just beginning to mushroom throughout international business.
| (with photos) MANAMA, Dec 28 (KUNA) -- Kuwait has obtained a full membership in the United Nations Commission on International Trade Law (UNCITRAL) which would be beneficial to support the Gulf Cooperation Council states' (GCC) legislative infrastructure, GCC-CAC chief noted Saturday.
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