While "Trade Policy" happens between governments, "Business Law" happens between entities. This involves:
Moving away from unpredictable foreign courts and toward International Arbitration (e.g., via the ICC or LCIA), which offers neutrality and global enforceability under the New York Convention.
The use of export controls, sanctions, and "friend-shoring" as tools of foreign policy.
The landscape is currently shifting from "efficiency at all costs" to "resilience and values." Key trends include:
The global trade regime is built on the foundation of the and a burgeoning network of Regional Trade Agreements (RTAs) like the USMCA or the CPTPP. These frameworks are governed by two golden rules: