The subject of international trade will help you learn more about the organizations serving global markets and beyond geographical dimensions. It will help you understand how the global economy is being open to all.
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Treaties are identified as a source of law under Article 38(1) of the International Court of Justice's statute. Treaties hold a very imperative position in International Law. The Vienna Convention on the law of treaties defined fundamental rules as to how treaties operate or take form. It was drafted by the International Law Commission of the UN and it came into force on 27th January 1980. There are two kinds of treaties – law-making treaties and contractual treaties. Further, there are two more types – bilateral treaties and multilateral treaties.
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