Today, UNCITRAL, the United Nations Commission on International Trade Law, a standing subsidiary body of the General Assembly, is scheduled to approve a draft convention on carriage of goods by sea.
The draft treaty -– to be submitted to the next session of the General Assembly for adoption without additional negotiation –- is of great importance for world commerce in that it will establish a more equitable regime which takes into account the interests of all parties and which will reduce transaction costs.
seen at 12:00, 3 July
in
Whitehouse Press Briefings.
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