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LL.M – International Trade Law

This program would offer you an encompassing view on International Trade and Commerce where the focus lies exclusively on the commercial law side of matters This course would also expose students to the International Trade Laws and Regulations, the ways in which trade benefits nations and modern advancements that affect trade between nations.

This course would take a student through

Introduction to International Trade – which familiarizes students with theories and policies that guide international trade. Students will get meaningful insights into why international trade is important for a country and how it effects production, profit and the economy

International Business – where concepts and strategies that will help in building a successful international or domestic business. Students would also be exposed to the concept of globalization and how it affects business though case studies.

The World Trade Organization – where students are familiarized with the laws and regulations set in place by the World Trade Organization. They would also learn how to meet the trade regulations and discuss the principles behind the organization’s dispute resolution system.

Trade and Investment – where students will learn what different nations have to trade, when they trade it, why they trade it and what they hope to gain from the trade. This would sharpen the skills of students and they become more competitive when engaging in deals and making investments

Risks, insurance, transportation and intellectual property rights – where students are taught how to cover risks and liability involved in business transactions. Also covered in this program is contracts of carriage, transport documents and related documents, and the liabilities of the carrier and the shipper

Policy and Theory – where students learn trade theory and explore trade laws. They would be in a better position to analyze laws pertaining to monopolies and trade protection and discuss theories that can help them become successful in international trade.

Target Audience

The course would evince interest of individuals with a keen interest of specializing in a legal career focused on in trade, mostly international trade, by building on their trade law skills.

The program would equip students interested in international trade and most importantly, would offer first-hand training of the complex and challenging environment.

LL.M - International Trade Law – unlimited career prospects

  • Work for large Indian trading houses as legal consoles
  • Work with industry that imports or exports raw material or finished goods
  • Work with reputed Indian law firms servicing the sector
  • Work with MNCs setting up sourcing or selling offices in India
  • Work globally with Indian trading companies abroad or with foreign companies dealing with India
  • Further specialize to WTO / IP sectors for better prospects

LL.M - International Trade Law – Broad Course Structure 

Semester - 1

Paper 1 Comparative Public Law / System of Governance (Common paper)

  • Scope of the Comparative Study of Public Law or Systems of Governance
  • Nature of the Constitution (Unitary and Federal Constitutions)
  • Principles of Public Law (Rule of Law and Doctrine of Separation of Powers)
  • Principles of Natural Justice
  • Federal Governance (Legislative, Administrative and Financial Relations between the Federal and the Provincial Governments)
  • Forms of Government
  • Judicial System (role of judiciary, judicial review, and doctrine of state action)
  • Liability of State and Administration under the Constitution
  • Civil, Political, and Socio-Economic Rights under the Constitution

Paper 2Law and Justice in Globalised World (Common paper)

  • Introduction
  • Concept of Law and Legal System
  • Concept and Theories of Justice
  • Concept of Global Law and Justice
  • Law as an Argumentative Attitude
  • Issues from Discipline of Indian Constitution Sessions
  • Perspectives of Law and Justice from Economic Globalization
  • International Issues, Organizational Codification, Unification and Harmonization

Paper 3Research Methods and Legal Writing (Common paper)

  • Introduction to Legal Research & Research Methods
  • Identification of Problem
  • Preparation of Research Design
  • Office Management of law firms, Research and Legal Writing
  • Data processing and Report writing

Paper 4Introduction to International Trade

  • International Law and International Economic Relations
  • Development of International Trade law – Ancient, Medieval and Modern
  • Structure & characteristics of International Trade
  • Legal Relationships in International Trade
  • International Business and Globalization
  • Free Trade and Fair Trade
  • Codification and development of International Trade Law by the League of Nation and the United Nations.

Paper 5India and Foreign Trade

  • Introduction to Foreign Trade Policy
  • Institutional Framework for Export Promotion
  • Export Incentives and Facilities
  • Quality Control for Exports
  • Export Prospects for Select Products and Services
  • INCO Terms
  • Foreign Trade Financing – Export & Import
  • Foreign Exchange Risk Management
  • International Credit Management
  • Instruments of Trade Policy and India’s Trade Policy

India and Trade Promotional Measures
Foreign Trade Promotion Measure and Schemes of India

  • Duty Drawback Scheme
  • Export Manufacturing under the Bond Scheme
  • Exemption from Payment of Sales Taxes
  • Advance Licence Scheme
  • Export Processing Zones

Organisational Support

  • Department of Commerce
  • Export Promotion Councils
  • Commodity Boards
  • Export Inspection Council
  • Indian Trade Promotion Organisation
  • Indian Institute of Foreign Trade (IIFT)
  • State Trading Organisation
  • Indian Institute of Packaging (IIP)

Semester - 2

Paper 6Dispute Settlement Mechanism

  • Pre WTO Scenario, difference between GATT and WTO
  • Exceptions under GATT – Article XX
  • Trade Related Institutions – WTO and UNCTAD
  • WTO – Basic Principles, various agreements, Functions and Areas of Operations, Dispute Settlement

Exceptions to WTO rules

  • General Exceptions,
  • Security Exceptions,
  • Regional Trade Agreements (RTAs),
  • Balance‐of‐Payments (BOPs)
  • Waivers

Paper 7Rules of Market Access

Trade in Goods: Market Access in the WTO

  • Tariffs, tariff rate quotas (TRQs), and quantitative restrictions (QRs)
  • Rules on market access: Agricultural products (defined in Annex 1 of the Agreement on Agriculture) and to non-agricultural products (all other products).
  • Tariffs and Non-tariff barriers (NTBs)
  • Tariff and tariff schedules
  • Tariff barriers under the GATT/WTO framework
  • Uruguay Round on tariff negotiations (reductions of tariffs and tariff ”bindings”) and elaborating the relevant WTO rules on tariffs (in particular Article II of the GATT 1994 – Schedules of Concessions).

Non-Tariff Barriers

  • Subsidies for domestic goods.
  • Import policies, including tariffs and other import charges, quantitative restrictions, import licensing, customs barriers, and other market-access barriers.
  • Quotas.
  • Regulations on import quality.
  • Foreign standards and certification information.
  • Government procurement; for example, “buy national” policies and closed bidding.
  • Export subsidies. For example, export financing on preferential terms and agricultural export subsidies that displace U.S. exports in third-country markets.
  • Investment barriers including limitations on foreign equity participation and on access to foreign government-funded research and development programs; local content requirements, technology transfer requirements and export performance requirements; and restrictions on repatriation of earnings, capital, fees and royalties.
  • Standards, testing, labelling and certification requirements.
  • Anti-dumping and countervailing measures.
  • Export subsidies and domestic support.
  • Government procurement.
  • Services barriers. For example, limits on the range of financial services offered by foreign financial institutions, restrictions on the use of foreign data processing, and barriers to the provision of services by foreign professionals.
  • Sanitary and phytosanitary measures and technical barriers to trade.
  • Lack of adequate protection to intellectual property rights, including inadequate patent, copyright, and trademark regimes and enforcement of intellectual property rights.
  • Government-tolerated anti-competitive conduct of state-owned or private firms that restrict the sale or purchase of U.S. goods or services in the foreign country’s markets.
  • Digital trade barriers like cross-border data flows, digital products, internet-enabled services, and other restrictive technology requirements.
  • Other barriers that encompass more than one category, e.g., bribery and corruption

Paper 8Rule of Origin

  • Pre WTO Scenario, Difference between GATT and WTO
  • GATT- WTO –Institutional Structure
  • Trade Related Institutions- WTO and UNCTAD
  • WTO- Basic Principles, various agreements, Functions and Areas of operations, Dispute Settlement Mechanism (rules and procedures)
  • Pillars of GATT
    • Most Favoured Nation Treatment
    • Tariff Bindings
    • National Treatment
    • Non- Tariff Barriers
  • GATT and Free Trade Agreements (FTA) and
  • Referential Rules of Origin,
  • Market Access, and Beyond

Paper 9Trade Remedies

Anti-Dumping Duties

  • WTO Provisions on Anti-Dumping-, Anti-Dumping Duties, Procedure and Developments
  • Regulatory Framework for Anti-Dumping in India
  • Recent Anti-Dumping Cases in India

Recent Anti-Dumping Cases in India

  • WTO Provisions
  • Administration
  • Procedure and Emerging Trends
  • Regulatory Framework for Subsidies & Countervailing duties in India
  • Doha Development Round

Note: Course Faculty may modify the syllabus as per needs/requirements of the paper.

Student Exchange programme at Erasmus University, Rotterdam, Netherlands

A portion of the syllabus in second semester will be taught at the Erasmus University, Rotterdam, Netherlands. GMU shall organize a 2 weeks international study tour for students desirous of getting international exposure while pursuing the Masters’ programme. This is one of a kind offering in India, especially in the Maritime sector where students get an international experience of academics as well as industry combined. Erasmus University is amongst the top rated Universities offering Maritime related courses. We are proud to announce that.

Fees

Type of Fees Amount
One Time
Admission Fee ₹ 2000
General Security Deposit ₹ 10000
Total (One time) ₹ 12000
Annual
Tuition Fee for Indian National ₹ 70000
Tuition Fee for NRI & Foreign National 4000 USD
Infrastructure Maintenance Fee ₹ 16500
Examination Fee ₹ 6000
Academic facility Fee
(Library, Computer, Internet, Moot Court, Training, etc.)
₹ 12000
Hall of Residence, Mess and other related Fees (facility not provided during vacation period, rooms are provided on sharing basis)
Applicable to candidates of LL.M General Mode only.
₹ 60500
Extra-Curricular, Adventure, Sports and Gymnasium, Social and Cultural Activities, Welfare Fee ₹ 3000
Total {Including Mess Charges} ₹ 180000/-
Total (NRI & Foreign National) {including Mess Charges} ₹ 110000/-+ 4000 USD