Questions and Answers
What percentage of the world GDP is represented by the value of international trade in 2010?
30%
Why does international trade allow for greater competition and more competitive pricing?
It leads to a wider variety of available products
What is the predicted share of the world economy to be exchanged internationally by 2030?
60%
Why does every country need to engage in international trade?
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Why can no country be self-sufficient in producing all goods and services it requires?
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What does International Trade Law (ITL) primarily deal with?
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In the context of International Trade Law, what is the significance of arbitration?
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Why is International Trade considered significant in most countries?
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What is the primary focus of the academic study related to International Trade Law?
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Why is there a need for regulation in International Trade?
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