International commerce is heavily influenced by laws, rules, and agreements related to the import and export of commodities. Understanding and navigating these complex frameworks requires the expertise of trade lawyers who specialize in import/export regulations and the intricacies of the World Trade Organization (WTO) agreements.
WTO agreements, such as the General Agreement on Tariffs and Trade (GATT), establish a framework for international trade by promoting the reduction or elimination of trade barriers like tariffs and quotas. Trade lawyers play a vital role in ensuring that businesses comply with these regulations, minimizing the risk of penalties or legal disputes. They provide guidance on customs procedures, trade documentation, and the classification of goods under harmonized tariff codes.