In the realm of international trade and finance, the use of letters of credit (LC) is common practice. A letter of credit provides a secure payment method for parties involved in cross-border transactions, ensuring that both the buyer and seller are protected. Given the intricate nature of LC transactions and the potential risks involved, the … Read More
Bilateral or multilateral free trade agreements between countries are formed majorly based on the WTO agreement system. In particular, GATS as an Agreement under the WTO system, is the first and only set of multilateral rules governing international trade in services. Ways or modes of trading services are basic provisions of GATS, including: Cross-border supply … Read More
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