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What is international economic law?
What is international economic law?

International economic law refers to the adjustment between countries; Between international organizations; Between countries and international organizations; The relationship between the state and private individuals in other countries; The general name of the legal norms of mutual economic relations between international organizations and private individuals and between private individuals of different nationalities. It is formed and developed with the increasing trade and economic exchanges between countries and the increasing state intervention in trade and economic activities.

International economic law in a broad sense refers to the laws regulating international economic exchanges. Its scope includes all legal rules and systems related to transactions and exchanges that transcend national boundaries and involve any economic interests, regardless of whether the subjects of transactions and exchanges are countries, international organizations or institutions, state-owned financial institutions (such as national central banks), or individuals, legal persons or multinational companies. Nor does it distinguish between international law and domestic law, public law and private law. Jurists who advocate this concept generally believe that international economic law is the general name of international law norms and domestic law norms of economic relations and economic organizations in the international community. They break the boundaries between legal departments and emphasize the interaction and mutual penetration between legal departments. Scholars of this school of international economic law pay special attention to studying practical legal issues from the perspective of the integration of various relevant laws and regulations, which is more practical for practical legal workers.

The narrow sense of international economic law is a special branch of public international law. All private law issues (such as international contracts for the sale of goods) and domestic law issues (such as domestic legislation on import and export management) involved in international trade and economic transactions are outside the scope of international economic law. This school pays more attention to the study of the theoretical system of international economic law.

What are the basic principles of international economic law?

Principles of international economic sovereignty, international cooperation for development, fairness and mutual benefit.

International law is based on the consent of all countries, but different countries have different understandings of the basic principles of international law. For example, developing countries generally put more emphasis on national sovereignty, while developed countries put more emphasis on the principle of trade freedom. Therefore, the basic principles of international economic law are not truly universal and universally recognized. Objectively speaking, there are disputes between countries.

What is international economic law? It is formed and developed with the increasing trade and economic exchanges between countries and the increasing state intervention in trade and economic activities, and is used to adjust the country; Between international organizations; Guidelines for the relationship between countries and international organizations. Through this generalization, do you know anything about international economic law?