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12 J. Legal Stud. Educ. 1 (1994)

handle is hein.journals/jlse12 and id is 1 raw text is: TRADE AGREEMENTS: AN INTERNATIONAL PERSPECTIVE FOR THE LEGAL ENVIRONMENT *DAVID W. ARNESEN INTRODUCTION During the next decade, the growing importance of free trade agreements will shape international business law. This regionalization offers a framework to study the structure of world trade law and how these differences affect international business. Teaching trade agreements provides a vehicle for practical application of international law concepts in the legal environment course and for analysis of how the world views and regulates business. Trade agreements are becoming the backbone of international trade law, replacing many bilateral treaties and supplementing multilateral agreements such as the General Agreement on Trade and Tariffs (GATT).' This article will address the importance of trade agreements, suggest ways to incorporate them into the legal environment course,2 * Chair of the International Business Program and Assistant Professor of Business Law in the Albers School of Business and Economics at Seattle University. The author wishes to thank C. Patrick Fleenor, Jerry A. Viscione, Robert Higgs, Linda Samuels, James John Jurinski and reviewers for the Journal of Legal Studies Education for their editorial comments. IThe General Agreement on Trade and Tariffs (GATr), originally formed in 1947, as of 1993 had 105 contracting countries. However, GAT has become less effective in recent years, primarily due to lack of agreement on multilateral trade negotiations known as the Uruguay Round. See RAY AUGUST, INTERNATIONAL BUSINESS LAW 311-356 (1993) for a comprehensive discussion of GATT. 2 Trade agreements may be incorporated with domestic law chapters such as intellectual property, labor law and environmental law or used to provide a global

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