WTO AGREEMENT ON THE APPLICATION OF SANITARY AND PHYTOSANITARY MEASURES: DEVELOPMENT, SCOPE AND EMERGING ISSUESWto Agreement on the Application of Sanitary and Phytosanitary Measures • February 7th, 2019
Contract Type FiledFebruary 7th, 2019According to Halsbury’s Laws of England the word trade means (a) exchange of goods for goods or exchange of goods for money, and (b) any business carried on with a view to obtain profit.1 It can be also defined as any trade, business, industry, profession or occupation relating to production, supply and distribution of goods and services.2 The trade across the borders of the countries is called international trade and has been carried on since times immemorial. It can be also described as the sale of goods with international element. According to Simone Schnitzer, this element could be present due to the fact that the seller and buyer are established in different countries, or that the goods have to be transported from one country to another, or that the parties have chosen a jurisdiction other than their domestic one.3