Abstract
State-trading operations, it is widely felt, including those not completely motivated by economic considerations, should conform to world trade customs, at least in so far as the disposition of controversies is concerned.1 A reflection of this attitude can be found in the modern commercial treaties of the United States, which expressly disavow immunity in state-trading relations with respect not only to suits2 in ordinary courts, but also to arbitration.3 Thus, too, recent resolutions of the Inter-American Bar Association,4 the International Law Association,5 and the International Chamber
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