INTERNATIONAL TRADE LAW AND GLOBAL TRANSFORMATIONS

Abstract

Globalization, an economic phenomenon that began after World War II, was one of the most distinctive features of the late 20th and early 21st centuries, as it significantly altered the economic relationship between nations and peoples. In recent years, the global society has undergone various changes, some of which have impacted international trade. International trade law, in the current global context, requires a holistic approach that takes into account both public and private aspects, and the fact that it is not an isolated discipline. International commercial transactions, from the moment before signing a contract (investment in a state branch, company formation, training of qualified professionals, etc.) to dealing with private documentation and legal issues. Therefore, it is necessary to consider the legal framework of international trade that encompasses the entire trajectory of international commercial relations, as all of them have implications for their realization. There is no doubt that business has always held an important place in human beings and played a fundamental role in human development. The discipline of International Trade Law encompasses a wide range of international commercial activities, covering all areas of commercial law, industrial law, and economic law in a broader sense, including concepts of monetary law, tax law, and financial law, with adherence to all important concepts related to the global economy. In the context of current globalization, international trade law seeks to systematize international trade and resolve disputes that may arise over time.