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6 Law & Dev. Rev. 1 (2013)

handle is hein.journals/ldevr6 and id is 1 raw text is: doi 10.1515/ldr-2013-0030 - LDR 2013; 6(1): 1-24 Article Jaemin Lee and Y.S. Lee* Legal Issues in the Promotion of Microtrade: From the Perspective of International Economic Law Abstract: This article provides a legal analysis of microtrade from the perspec- tive of international economic law with the introduction of the basic concept and the mechanism of microtrade. The article analyzes whether the proposed micro- trade scheme complies with relevant rules of international trade under the GATT/WTO system. The article also discusses the facilitation of microtrade through government procurement in the context of Aid for Trade and examines the applicability of the WTO Government Procurement Agreement, which has been recently amended, to microtrade with consideration to potential legal implications. Keywords: microtrade, economic development, international economic law *Corresponding author: Y.S. Lee, School of Law, University of Manchester, Manchester, U(, E-mail: yslee@manchester.ac.uk jaemin Lee, School of Law, Seoul National University, Seoul, South Korea, E-mail: jaemin@snu. ac.kr I Introduction 1.1 Background Microtrade refers to a new economic and legal system of international trade designed to alleviate the extreme poverty of populations of the least-developed countries (LDCs). The term, microtrade, is defined as international trade of small quantities of locally-produced products (LPPs) produced on a small scale. Microtrade is a trade-based development device which employs low levels of technology and small capital in places where it is difficult to develop large-scale manufacturing industries due to lack of essential elements, such as a well- educated labor force, organized corporate management, technology and capital, DE GRUYTER

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