International Trade Law Current Affairs - 2019
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India hosted the golden jubilee (50th anniversary) celebrations of United Nations Commission on International Trade Law (UNCITRAL) in New Delhi.
The opening address at international conference of the golden jubilee celebrations of UNCITRAL was given by President Pranab Mukherjee.
About United Nations Commission on International Trade Law (UNCITRAL)
- UNCITRAL was established by the UN General Assembly (UNGA) in 1966 to promote the progressive unification and harmonisation of international trade law.
- It is the core legal body of the UN system in the field of international trade law. It specialises in reforms in commercial law worldwide for a period of over 40 years.
- India is a founding member of UNCITRAL. India is only one of eight countries which have been a member of UNCITRAL since its inception.
- IT has a membership of 60 States selected from among States Members of the UN. In 2015, India was re-elected for a term of six years (2016-2022).
- Out of total 60 members, 14 are Asian states, 14 are African, 10 Latin American & Caribbean states, 8 Eastern European and 14 Western European and other States.
- These member states are selected to ensure the representation of various geographic, principal economic and legal systems of the world.