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Part I Sales Law: Development and Modern Practice, 5 Modern Practice of International Sales Law

From: Global Sales and Contract Law

Ingeborg Schwenzer, Pascal Hachem, Christopher Kee

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 22 April 2024

Performance of contract — Applicable law — Choice of law clauses
5.01 When addressing the topic of global sales law, a preliminary but very important consideration must be the prevalence of international trade. It is international trade which has been, and continues to be, the catalyst for developments in global sales law. 5.02 As the statistics below demonstrate, the sustained overall development of international trade over the last half century is startling. Equally extraordinary was the dramatic decrease of world merchandise exports in 2009. As against the year 2000 figures, world merchandise exports fell just over 12 per...
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