"In an increasingly economically interdependent world, the importance of an improved legal framework for the facilitation of international trade and investment is widely acknowledged.”
The United Nations Commission for International Trade Law (UNCITRAL), established by the United Nations General Assembly by its resolution 2205 (XXI) of 17 December 1966, plays an important role in developing that framework in pursuance of its mandate to further the progressive harmonization and modernization of the law of international trade, by preparing and promoting the use and adoption of legislative and non-legislative instruments in a number of key areas of commercial law. UNCITRAL has become recognized as the core legal body of the United Nations system in the field of international trade law.
Over the last 24 years, UNCITRAL has produced major international texts on the sale of goods, transport, dispute resolution, procurement, infrastructure development, international payments, electronic commerce and insolvency. International arbitration, transport law, electronic commerce, insolvency law, security interests and public procurement are the focus of current work.
UNCITRAL also coordinates and cooperates with other law reform bodies (notably other international organizations) to facilitate the harmonization of international trade law and law reform efforts, and provides technical assistance with the implementation of its texts.
The International Trade Law Division of the United Nations Office of Legal Affairs provides services to UNCITRAL such as conducting research and preparing studies and draft texts.