United Nations Commission on International Trade Law (UNCITRAL)

The United Nations Commission on International Trade Law (UNCITRAL) is a United Nations body that helps countries create fair and effective laws for international trade. Established in 1966, its goal is to promote legal harmonization and cooperation, making it easier for businesses to engage in cross-border transactions. UNCITRAL develops legal frameworks, guidelines, and conventions that address issues like commercial contracts, arbitration, and electronic commerce. By standardizing trade laws, it aims to reduce barriers and uncertainties, ultimately fostering economic development and enhancing global trade efficiency.