UNITED NATIONS COMMISSION ON INTERNATIONAL TRADE LAW

Abstract

This chapter highlights the historical background and structure of the UN Commission on international trade law. By Resolution 2205 (XXI) of December 17, 1966, the UN General Assembly established the UN Commission on International Trade Law (UNCITRAL) with a view to reduce divergences between the trade laws of different States, which were seen as one of the obstacles to the development of world trade. The object of UNCITRAL is to promote the progressive harmonization and unification of the law of international trade. To this end, object of UNCITRAL is to coordinate the work of organizations active in this field and encourage cooperation; promote wider acceptance of existing international conventions and model or uniform laws; prepare or promote the adoption of new conventions or laws, and promote the codification and acceptance of international trade terms, customs, and practices; and promote means of ensuring a uniform interpretation and application of international conventions and uniform laws.