Integral University, Lucknow
- Fees: ₹ 70000
International Trade Law is a branch of law that deals with trade between two or more countries. It encompasses various rules and customs that need to be remembered while carrying out trade between different countries. International Trade Law provides knowledge to understand the theories and policies that help in trade with different countries.
Students also learn why international trade is important for countries and how much income is contributed to national income by different countries because most countries have now become a part of the World Trade Organisation (WTO). Students learn concepts such as international trade agreements, import and export regulations, and intellectual property rights.
Candidates after pursuing the International Trade Law field can pursue various careers in the field of Law. In recent years, The International Trade Law field has become quite independent because many transactions between private companies of different countries have become a part of WTO activities. International Trade Law has four different levels of relationships, which are unilateral measures, bilateral relationships, plurilateral agreements, and multilateral arrangements.
Particulars | Values |
---|---|
Branch Name | International Trade Law |
International Trade Law Degrees | LLB, Integrated LLB, LLM |
International Trade Law Course Duration | LLB (3 years) Integrated LLB (5 years) LLM (2 years) |
International Trade Law Eligibility Criteria | LLB (Graduate with 50 per cent of aggregate marks from a recognised board) Integrated LLB (10+2 with 50 per cent of aggregate marks from a recognised board) LLM (Bachelor of Law Degree with 50 per cent of aggregate marks) |
International Trade Law Admission Process | LLB (Entrance exams like CLAT, TS LAWCET, AILET, and LSAT) Integrated LLB (Entrance exams like CLAT, LSAT, and AILET) LLM (Entrance exams like AILET, IPU CET, BHU UET) |
International Trade Law Top Entrance Exams | CLAT UG, CLAT PG, LSAT, AILET, AILET PG |
International Trade Law Course Fees | Rs. 9,120 to Rs. 2.02 Lakhs |
International Trade Law Career options | Legal Counsel, Regulatory Affairs Manager, Corporate Lawyer, International Trade law consultant, International Lawyer |
International Trade Law Average Salary | Rs. 29 LPA |
International Trade Law Top Recruiters | Trilegal India, Anand, and Anand, ICS Legal, Y-Axis Overseas, TCS, Infosys, and Lenovo |
International Trade Law is a specialised legal discipline that is concerned with the rules and regulations governing international trade. Some of the major focus areas of the course are the Meaning and Evolution of International Trade Law, Types of International Trade Law, and Laws of the World Trade Organisation. Listed below are some of the key highlights of the International Trade Law.
International Trade Law is a contemporary field of study that combines various topics and subjects. Some of the topics covered in the course curriculum are Principles of International Trade Law, World Trade Organisations (WTO), and Cross-border transactions. Many courses are similar or related to International Trade Law. Some of the key specialisations are listed below.
In the table below, we have mentioned some of the popular degree programmes related to International Trade Law.
LLM Business and Trade Law | LLM International Law and Organisation |
PGD International Trade Law | PhD International Relations |
Students are advised to choose the law school based on the NIRF ranking 2024 (National Institutional Ranking Framework 2024). Generally, National Law Institutes maintain the top position and rankings depending on the educational facilities and the institute's stature. In the table below, we have mentioned the top law institutes based on the NIRF ranking.
Top Law Colleges | NIRF Rankings (2024) |
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1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 | |
10 |
Many private colleges are offering International Trade Law courses to students all over India. The tuition fee in these colleges is comparatively higher than in government colleges. The fee can be paid on a semester or yearly basis. Candidates before applying for college can check the fee structure on the college's official website. A few top private International Trade Law colleges are mentioned below:
Colleges | Fees |
---|---|
Rs. 1.98 Lakhs | |
Rs. 3.50 Lakhs | |
Rs. 85,000 | |
GITAM School of Law Visakhapatnam - School of Law, GITAM University, Visakhapatnam | Rs. 1.32 Lakhs |
Rs.1 .56 Lakhs |
There are only a few colleges in India that offer International Trade Law courses to students. Tuition fees in these colleges are less compared to private colleges. These colleges are recognised because of their high academic excellence. In the table below, we have mentioned the popular government international law colleges along with their respective fee details.
Colleges | Fees |
---|---|
Rs. 20,000 | |
Rs. 1.50 Lakhs | |
Rs. 64,000 | |
- | |
Post Graduate College of Law, Osmania University, Basheerbagh | Rs. 40,200 |
The eligibility criteria for International Trade Law is different for different institutes, students can check it by visiting the official website of the institute. For a UG course, the candidates need to complete their 10+2 education with a valid aggregate score and appear for any one of the top Law entrance examinations specified by the institute.
For the postgraduate degree programme, the candidates need to complete their Bachelor's degree in any field of law or related discipline. They must also score a valid aggregate score specified by the desired institute. Below we have mentioned the UG and PG eligibility criteria for UG and PG courses in detail.
The candidates interested in pursuing an undergraduate course in the field of International Trade Law must meet the eligibility criteria of the desired institute. Students need to complete their 10+2 or equivalent examination with a valid percentage from a recognised board. They must also appear for any one of the top entrance examinations specified by the institute.
Eligibility Parameters | Details |
---|---|
Educational Qualification | 10+2 from a recognised institute in India |
Minimum aggregate score requirements | 50 per cent (5-10 per cent relaxation for candidates belonging to the reserved categories) |
Entrance examinations | CLAT, AILET, and LSAT are popular entrance examinations |
In the table below, we have mentioned some of the top entrance examinations required for International Trade Law courses at undergraduate levels.
Exam Name | Conducting Body | Exam Schedule |
---|---|---|
Consortium of NLU's | ||
Pearson VUE | ||
NLU, Delhi | ||
State Common Entrance Test Cell - Maharashtra State | - |
The eligibility details for UG-level courses in the field of International Trade Law depend on various factors. Candidates generally require an LLB from a recognised institute in India. They must also meet the aggregate score requirements. In the table below, we have mentioned the eligibility requirements for postgraduate degrees in commercial law.
Eligibility Parameters | Details |
---|---|
Educational Qualification | LLB from a recognised college in India |
Minimum aggregate score | 50 per cent aggregate score (5-10 per cent relaxation for reserved category applicants) |
Entrance examinations | Students should appear for relevant entrance exams (if applicable) |
Listed below are some of the popular entrance examinations required for admission to PG-level degrees in International Trade Law.
CLAT PG- CLAT PG is a popular entrance examination for postgraduate law courses. Some of the relevant details are mentioned below.
In today’s world, massive globalisation and modernisation are going on, due to which the current scenario has shifted from the past and a country surviving on its own is very difficult and unimaginable. Countries need to carry out trade between them to increase one's own economic prosperity.
Nations are highly dependent on each other for the import and export of raw materials goods and services. For proper functioning of trade, laws must be enforced by every country to carry out transactions within the rules and regulations. While earlier, the barter system was prevalent it is now transformed into a more modernised, sophisticated, reliable method and dignified which is under the rules and regulations of each country.
Minimum Fees | Maximum Fees | |||
---|---|---|---|---|
Private | Government | Private | Government | |
UG | ||||
PG | ||||
DIPLOMA |
The course curriculum of International Trade Law is influenced by various factors. The syllabus of an undergraduate degree in International Trade Law is also different as compared to that of a postgraduate degree in International Trade Law. In this section, we have discussed the undergraduate and postgraduate level syllabus of International Trade Law.
Candidates in UG will learn the topics related to the meaning and evolution of international trade law, bills of exchange, and bills of lading. International trade is studied as a subject under UG in BA LLB or BBA LLB. In the table below, we have mentioned the undergraduate syllabus of International Trade Law from Himachal Pradesh National Law University, Shimla.
Meaning and Evolution of International Trade Law | Types of International Trade Law |
Incoterms 2020 | Formation and enforcement of International contracts under CISG |
Rights Liabilities of parties to international sales contracts | - |
The International Trade Law syllabus for the postgraduate course depends on the institute. Some of the subjects that are taught in the course are the Law of the World Trade Organisation, Law and Justice in a Globalising World, and Law of International Carriage. In the table below we have mentioned the postgraduate syllabus from Gujarat Maritime University.
Semester 1 | |
Research Methods & Legal Writing | Law Of World Trade Organisation |
Law And Justice In A Globalising World | India And Foreign Trade |
International Commercial Law | - |
Semester 2 | |
Law Of International Carriage | International Commercial Arbitration |
International Investment Law | Law Of World Trade Organization |
Dissertation | - |
International Trade Law courses have an increasing demand due to the increase in global trade and interdependence. International trade is being carried out across many countries to increase the profit of the country as well as meet the economic demand of the world. Some countries also have good manufacturing plants for a particular product.
The graduates of the International Trade Law course will have versatile options for building a career in this field. After completing their bachelor’s degree, they can go for a master’s degree which offers them various international trade law course options. After their master’s degree, they can start with freelancing or initially join a company and work under them to get an experience of how advice is given and what strategies are made.
Job Profile | Job Description |
---|---|
Legal Advisors conduct analysis and research on the legal matters arising in front of them from their clients or different organisations. They provide legal advice on legal matters and help in drafting legal opinions and other documents. | |
Assistant Professors are professionals who find new and innovative ways of delivering knowledge to the students. They act as guides, leaders, and mentors for the students when they need help with research projects. | |
Legal Analysts are responsible for conducting research and gathering all the relevant information. They gather information, do proofreading, and make drafts of different documents like leases, policies, and licences. They read old cases and write summaries based on legislation, regulations, standards, and journals. |
International Trade has been growing rapidly due to the lack of resources in one place and plenty in the other. Therefore, International Trade plays an important role in increasing the national income. It contributes more than two percent of income from world trade to national income. Some of the upcoming trends that have been coming up in International Trade Law are:
International Trade Law graduates can work at various companies, some of these companies deal with the import and export of products. Students can even find job roles in educational institutes such as colleges and universities, where they can work as lecturers. Some of the top recruiters hiring the graduates are listed below.
Candidates after completion of graduation in international trade law are hired by many law agencies. The salary structure for these graduates depends on various factors such as job location, skills, and abilities of the employee. A good salary would keep the students motivated and they will keep working hard to increase their pay scale. The average salary for some job profiles is mentioned below:
Job Profile | Average Salary |
---|---|
Legal Advisor | Rs. 6.3 LPA |
Assistant Professor | Rs. 5.3 LPA |
Legal Analyst | Rs. 4.6 LPA |
Source: Ambition Box
Note: The salaries mentioned above are only for a reference point of view, the actual salary may be different based on the experience of the candidate, the location of the company, and the job profile.
Students who wish to study International Trade Law and set up a career in international trade should possess good communication skills and confidence while delivering a speech. Some of the key skills required have been mentioned below.
International Trade Law courses equip students with knowledge of theories, rules, and regulations essential for advising companies during international trading. They gain insights into the benefits of international trade, such as effective production, profit maximisation, and economic growth. The course also covers the rights and duties of buyers and sellers in trade agreements.
At both undergraduate and postgraduate levels, the curriculum varies. The course is primarily studied in the LLM degree, with topics including the evolution of international trade law and bills of exchange. The World Trade Law Organisation’s trade regulations and dispute resolutions are also covered. International Trade is a subject in BA LLB or BBA LLB degree at the undergraduate level.
Answer :
There are many courses that are similar to International Trade Law such as LLM Business and Trade Law, PGD International Law, and Ph.D International Relations.
Answer :
Candidates need to have certain skills in order to do well in the field of International Trade Law such as Integrity, Good Presentation skills, Fluency, Confidence, Leadership Skills, and Research Skills.
Answer :
The top entrance examinations in the field of International Trade Law are CLAT, AILET, LSAT, TS PGLCET, and AILET PG.
Answer :
Some of the top recruiters in the field of International Trade Law are Trilegal India, ICS Legal, Anand and Anand, TCS and Infosys.
Answer :
The career options in the field of International Trade Law are Legal Advisor, Assistant Professor, International Lawyer, and International Trade Consultant.
Answer :
The fees for this course are different for different degree, For a Bachelor's degree, it varies from Rs. 50000 to Rs. 2 lakhs p.a. (approx.) and for a Master's degree it varies from Rs. 1 – 2 lakhs p.a. (approx.)
Answer :
The starting salary of the students differs from Rs. 2-3 LPA. The salary depends on many factors such as the experience of the candidate, the location of the company, skills, and job profile.
Answer :
The top colleges/universities offering this course are, NLU Hyderabad, NLU Kochi, Parul University, Asian Law College Noida, UPES School of Law, LPU Jalandhar, NLU Kolkata, Amity University, Noida, NLU Patiala, and IIT Kharagpur.
Answer :
There are various courses offered at the LLM level of international trade law. Some of them are LLM in International Trade Law, LLM in International Commercial Law, LLM in International Business Transactions and Trade Law, LLM in International and Comparative Law, and LLM in International Trade and Economic Law.
Answer :
The most common difference here being is that international economic law is a broader term which includes all the laws relating not only to world trade organizations but also those related to the international monetary system and current regulations.
International trade law only deals with the rules of international legislation and those regulating international trade relations.
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