International Trade and Finance Law

Paper Summary:

This paper examines the procedures involved in international trade and finance law by comparing US international trade procedures to international trade procedures estabilshed by the UN. The paper explains the various international payment methods and the methods of unification and then looks at the obstacles in place that make international trade difficult. The writer believes that the primariy difficulty regarding international trade is the interest that politicians take in the matter and the overall financial position of the countries that are involved. The writer concludes that this is turn makes trading difficult as obstacles are put in the path of trade for the benefit of individual countries.

Outline:
Introduction
Analysis
Conclusion

From the Paper:

"The question for any international trade is the guarantee of payment to be received by the seller. In natural course, the items to or services sold are first received by the buyer and then only the payments are sent. In the case of any individual country, there are laws within the country to ensure that the payments are made by the buyer, but in the international scene, the differences between different countries may cause difficulties. The procedure that is now adopted is to follow certain procedures that have been set up under the auspices of United Nations. The international procedures have to be competed with a national procedure for a country for us to understand the comparative position. For this purpose, the position of United States has been used."

Sample of Sources Used:

• 9-203. Attachment and Enforceability of Security Interest; Proceeds: Formal Requisites. Retrieved from http://www.law.cornell.edu/ucc/9/9-203.html Accessed 10 November, 2005
• Bailey, Sue. PM defensive over election threat. Retrieved from http://cnews.canoe.ca/CNEWS/World/2005/11/03/1291616-cp.html Accessed 10 November, 2005
• Banking: An overview. Retrieved from http://www.law.cornell.edu/topics/banking.html Accessed 10 November, 2005
• Bumiller, Elisabeth; Rohter, Larry. 2005. Troubles follow Bush to Argentine summit. The New York Times. November, 6. Retrieved from http://www.iht.com/articles/2005/11/04/news/bush.php Accessed 10 November, 2005
• Negotiable instruments law: An overview. Retrieved from http://www.law.cornell.edu/wex/index.php/Negotiable_instruments#negotiable_instruments_law:_an_overview Accessed 10 November, 2005

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