International trade, an economic engine pivotal for global growth, has seen a remarkable evolution over centuries. What began as a means of enhancing imperial power during the era of European Colonial Empires has transformed into a cornerstone of modern economies. Aaron Afilalo, a distinguished Professor of Law at Rutgers-Camden School of Law, delves into the inherent benefits that international trade holds in the contemporary world.
The international trade industry is booming right now. With the new wave of globalization, companies are now able to ship goods across the world much more cost-effectively than before. And with that, there’s plenty of opportunity for people like you. Yes, there’s a lot of competition for jobs in this field. But on the other hand, there are so many opportunities available as well. Below, Professor of Law, Aaron Afilalo, takes a look at what makes an international trade lawyer so successful and lucrative.
The Law Corner Blog has the goal to provide information about a wide variety of legal topic, such as intellectual property laws, elimination of non-tariff barriers to trade, the system of judicial remedies of European Union, laws for the protection of cross-border investment.
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Few words about the topics that are the main focus of this blog:
The intellectual property law has the aim to en courage the creation of a wide variety of intellectual goods. In order to achieve this, the law gives property rights to people and businesses to the information and intellectual goods they create, usually for a limited period of time.
Non-Tariff Barriers (NTBs) refer to restrictions related to prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and/or costly.
NTBs arise from different measures taken by governments and authorities. The NTBs arise from different measures taken by governments and authorities in the form of government laws, regulations, policies, conditions, restrictions or specific requirements, and private sector business practices, or prohibitions that protect the domestic industries from foreign competition.
European Union law is the system of laws. It operates within the member states of the European Union. The European Union has political institutions and social and economic policies.
The EU represents “a new legal order of international law”, according to its Court of Justice.
The legal foundations of the EU are the Treaty on European Union and the Treaty on the Functioning of the European Union, unanimously agreed by the governments of 28 member states.
An International Investment Agreement (IIA) is an agreement between countries that addresses issues relevant to cross-border investments. It refers usually to the purpose of protection, promotion and liberalization of such investments.
According to the professor of law at the renowned Rutgers Law School, Aaron Afilalo, a wide of employee work-related expenses are no longer deductible for the employees. He points out that, since the standard individual deduction has been increased to $12,000, many tax filers may not itemize deductions at all.
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