The rules regarding the choice of law applicable to international trade agreements
Publication date: April 14, 2026
Concluding international trade agreements is becoming increasingly easier and risk-free. International trade underpins the global economy more than ever before, due to globalization and the increasing unification of legal provisions governing this matter, along with the expansion of international agreements and intergovernmental cooperation. However, international law does not always address the needs of complex relationships between entities from different countries, which leads to a lack of certainty and predictability in legal transactions. To stabilize international contractual relations, efforts are being made to standardize private law at the international level and adapt state regulations to the needs of cross-border trade. This task is becoming increasingly easier due to the rapid development of new technologies and the digitization of organizational centers. Organizations such as the Hague Conference on Private International Law are engaged in the unification of private law.