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NIRMA UNIVERSITY
INSTITUTE OF LAW
B.A., LL.B. (Hons.) Programme
Academic Year 2011-12
Semester X

INTERNATIONAL ECONOMIC LAW

1. Historical perspectives
1.1. United Nations: GATT
1.2. Evolution of New International Economic Order (NIEO)
1.2.1. Essential components of NIEO
1.2.2. State acceptance and practice of NIEO principles
2. Charter of Economic Rights and Duties
2.1. Sovereignty over wealth and natural resources
2.2. TNCS
2.3. Foreign investment
2.4. Transfer of technology
2.5. Elimination of colonalisation, aparthied, racial discrimination
2.6. Extension of tariff preferences
2.7. Most favoured nation treatment
3. International Institutions
3.1. UNCTAD (United Nations Conference on Trade and Development)
3.2. UNCITRAL
3.3. GATT
3.3.1. Objectives
3.3.2. Strengths and weaknesses
3.3.3. Salient features of GATT 1994 (Final Act of Urugway Round)
4. WTO
4.1. Structure, principles and working
4.2. Difference between GATT and WTO
4.3. Problems:
4.3.1. Agriculture
4.3.2. Sanitary and phyto sanitary measures (SPS)
4.3.3. Technical barriers of trade (TBT)
4.3.4. Textiles and clothing
4.3.5. Anti-dumping
4.3.6. Customs valuation
4.3.7. Services
4.3.8. TRIPS

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4.3.9. TRIMS
4.3.10. Disputes settlement
4.3.11 Labour
4.3.12 Transfer of technology
4.3.13 Trade facilitation
4.3.14 E-Commerce
4.3.15 Information and technology agreement
4.4 Special permission for developing and less developed countries
4.5 Trade and development committee
4.6 Balance of payment provisions in WTO
4.7 India and WTO
5. Trade in Goods
6. Trade related investment measures (TRIMS)
6.1. Relationships with GATT
6.2. Inalienable rights of member countries
7. General Agreements on Trade in Services (GATS)
7.1. Principle: non-discrimination
7.2. Benefits to India
8. Trade Related Intellectual Property Rights (TRIPS)
8.1. Structure
8.2. Principles
8.3. Minimum Standards
8.3.1. Copy rights and related rights
8.3.2. Trade marks
8.3.3. Geographical indications
8.3.4. Industrial designs
8.3.5. Patents
8.3.6. Undisclosed information
8.3.7. Anti competitive practice
8.4. Enforcement of IPR
8.5. Transparency
8.6. New issues
9. Dispute settlement
9.1. Judicial system: Dispute Settlement Board (BSB)
9.1.1. Elements of the system
9.1.1.1. Prompt settlement
9.1.1.2. Balancing of rights and obligations
9.1.1.3. Objective of satisfactory settlements
9.1.2. Outcomes
9.1.2.1. Withdrawal of the measure - violation of WTO
9.1.2.2. Continuation of the measure with compensation for the loss suffered by the
affected country

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9.1.2.3. Continuation of the measures with retaliation by the affected country to make
good the loss suffered by the affected country
9.1.3. Special steps of DSB and WTO Secretaries for developing countries
9.2. Process of settlement by DSB
10. International Monitory Fund & World Bank
10.1. Structure and functions
10.2. Currency convertibility
10.3. Re-structuring of IMF & IBRD
Select Bibliography
Bandari Surendra, World Trade Organization and Developing Countries (1995),
Universal, Delhi
Myneni Srinivasa Rao, International Economic Law (1996), Pioneer Books, New Delhi.
Arun Goyal(ed.), WTO in the new Millennium (2000), Academy of Business Studies,
New Delhi-110002.
Schwarzenberger, Economic World Order (1970) Manchester University Press.
Jayanta Bagchi, World Trade Organization : An Indian Perspective (2000), Eastern Law
House, Calcutta.
J.G.Starke, Introduction to International Law (1989) Butterworths
UNCED, Our Common Feature (1986), Oxford
Datt & Sundaram, Indian Economy (2011), - S.Chand & Company