CLIR: International Trade Law
International Trade Law
The CLIR methodology for International Trade Law examines only cross-border or international trade. Some trade specialists also point out that intra-national trade (for example, between distant regions within a country, or between cities and rural areas) may also be an important sector for analysis, but that is not the subject of this study.
The indicators for this subject areas look at two separate aspects of trade, where appropriate: Global trade, as governed by the World Trade Organization (WTO), and regional trade, which may be governed principally by bilateral or regional agreements. This is particularly significant for countries whose domestic market is limited by size or wealth. In such countries, the trading relationships with neighboring countries will define the market size for investors, and will either attract or repel foreign direct investment, while affecting the export and re-export service industries.
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