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    Are You on the Map with International Trade Treaties?

     

     
     
    © International Trade Centre, International Trade Forum - Issue 4/2002

    ITC's "Lega Carta" helps countries update their international legal framework.

    ITC's Lega Carta

    From amongst the more than 40,000 existing international treaties, a few hundred are crucial for regulating international trade and creating common ground for the flow of goods and services.

    A considerable number of different organizations are involved in creating these international instruments. "Lega Carta" is a system, developed by ITC, that analyses a particular country's situation with regard to major commercial treaties and other arrangements. Each instrument is calibrated at a certain value. The result gives a clear picture of where a country and its business community stand and provides recommendations as to what international instruments should be either ratified or enforced, by order of priority, depending on the country's economic and geographic positioning.

    The following are the subjects covered by Lega Carta:

    • Banks, payments and insolvency

    • Customs and trade

    • Environment

    • Illicit trade

    • Intellectual property

    • International contracts

    • International dispute resolution

    • Investments

    • Law on treaties

    • Transport and communications
    • Where does your country stand? This general world view describes the percentage of ratification per country of the 200 main international trade treaties. The countries shaded in dark colours have a 0% to 20% adhesion rate. Countries with the brightest colours have a ratification rate of over 60%.


      The above map, extracted from Lega Carta, shows the state of ratification, as of June 2002, in Central America and the Caribbean of the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, one of the most important international trade treaties. Countries in white have yet to ratify the New York Convention. As can be seen, regional harmonization is far from being achieved.

      For more information, contact bourque@intracen.org.