UNCITRAL (United Nations Commission on International Trade Law)

The United Nations Commission on International Trade Law (UNCITRAL) is a UN body established in 1966 to promote fair and efficient international trade. It develops legal standards and frameworks to help countries create consistent trade laws and improve international business relations. UNCITRAL's work includes drafting model laws and conventions on issues like arbitration, electronic commerce, and trade contracts. By harmonizing regulations across nations, UNCITRAL aims to reduce trade barriers, encourage investment, and foster economic cooperation, benefiting businesses and consumers worldwide.