UNCITRAL Highlights
Q. Which of the following is/are true regarding UNCITRAL?
1) UNCITRAL is related to laws for international tourism.
2) India has been its member since its inception.- Published on 29 Nov 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Only 2
UNCITRAL was established in 1966 with a recognition that “international trade cooperation among States is an important factor in the promotion of friendly relations and, consequently, in the maintenance of peace and security”.
India is only one of eight countries that has been a member of UNCITRAL from its inception, and has recently been re-elected for a term of six years.
2016 marks 50 years of UNCITRAL.
UNCITRAL has created practical legal and legislative guides and provided technical assistance for law reform, apart from maintaining an updated database of uniform commercial law and judicial decisions.
