1.2 Importance of International Trade Law

The certainty the trader needs: the same rule for the same transaction worldwide (the CISG, the Incoterms, the UCP) — the disputes' prevention and the transaction costs' reduction; The state's discipline: the tariffs' binding, the non-discrimination, the transparency (the WTO's world) — the trade wars' prevention; The development dimension: the preferences and the special treatment for the developing and least-developed countries (the S&D principle; the LDC packages) — Nepal's own stake as an LDC and a landlocked state; The unification's economy: the divergent national laws were the merchant's tax — the unifiers (UNCITRAL, UNIDROIT, the ICC) removed it; The national law's alignment: Nepal's WTO accession (23 April 2004) committed its laws to the WTO norms — the course's continuing Nepali thread.