Jindal Global Law School, Sonipat
- Fees: ₹ 350,000
- Exams: CLAT PG , LSAT India PG , DUET
What is International Trade Law
International Trade Law is one of those courses which is continuously expanding. It encompasses various rules and customs which have to be kept in mind while carrying out trade between different countries.The International Trade Law field has become quite independent and is necessary to study by different countries because most countries have now become a part of the World Trade Organization (WTO).
In recent years, International Trade Law course has taken flight because many transactions between private companies of different countries have become a part of the WTO activities. International Trade Law has four different levels of relationships, which are unilateral measures, bilateral relationships, plurilateral agreements, and multilateral arrangement.
Eligibility Criteria (UG & PG) of International Trade Law
Various colleges/universities have different eligibility criteria lists for International Trade Law course. The students need to clear this eligibility criteria list to secure admission in that college. Some of the eligibility criteria lists are –
For bachelor degree
The students can pursue international trade law as specialization with an integrated course.
The students should have successfully cleared 10+2 or any other equivalent examination.
They must clear the entrance exams, conducted at any level based on the university/college requirements.
For master degree
After the students have completed their 5 years in LLB, they are eligible for this course.
They must clear the entrance exams, conducted at any level based on the university/college requirements.
Entrance Exams for International Trade Law
Entrance exams have become necessary to determine the right students for their institutions. Colleges/Universities also conduct entrance exams for the International Trade Law course on a national basis as well as university basis. Some of the entrance exams are mentioned here –
ULET (University Law Entrance Test)- ULET is conducted by the University of Rajasthan to grant admission to the Undergraduate courses. It is a University level exam conducted offline for 1.5 hours.
ULSAT LLM (University of Petroleum and Energy Studies Law School Admission Test)- This exam is conducted online and the questions are based on common thinking analysis and are 3 hours long. It is conducted to grant admission to the UG courses.
CLAT LLM (Common Law Entrance Examination)- It is a national level examination conducted by the central government to grant admission to the UG and PG courses. It is conducted offline for 2 hours with no negative marking.
AP PGLCET (Andhra Pradesh Post Graduate Common Law Entrance Test)-It is a state-level exam conducted to grant admission to the PG courses. It is conducted online for 1.5 hours. The students appearing for this exam should have cleared a 3-year or 5-years LLB course from a recognised university.
TS PGLCET (Telangana State Post Graduate Common Law Entrance Test)- It is a state-level examination conducted by Osmania University to grant admission to the PG courses. The appearing students should have cleared their 3-year or 5-year LLB course from a recognised university. It is conducted online for 1.5 hours.
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Scope of International Trade Law in India and Abroad
In today’s world, massive globalization and modernization are going on, due to which the current scenario has shifted from the past and a country surviving on its own is very difficult and unimaginable. Countries need to carry out trade between them to increase one's own economic prosperity.
Countries depend on one another for various reasons such as import and export of raw materials, finished products and various others. For the proper development of trade, laws are required for each country to carry out transactions within the rules and regulations. In ancient times, this was known as the barter system which is now transformed to a more modernized, sophisticated, reliable method and dignified which are under the rules and regulations of each country.
International Trade Lawyers work under 2 categories:
Application of domestic law to international trade and
Treaty-based international law governing trade flows.
Course Fees International Trade Law
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
30.00 Lakhs
B.A. L.L.B in International Trade Law at Sai University, Chennai
|
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Data not available
|
30.00 Lakhs
B.A. L.L.B in International Trade Law at Sai University, Chennai
|
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Data not available
|
| PG |
80.00 K
L.L.M in International Trade Law at Libra College of Law, Dehradun
|
67.20 K
L.L.M in International Trade Law at The Tamilnadu Dr Ambedkar Law University, Chennai
|
3.51 Lakhs
L.L.M in International Trade Law at Jindal Global Law School, Sonipat
|
1.38 Lakhs
L.L.M in International Trade Law at National University of Advanced Legal Studies, Kochi
|
| DIPLOMA |
7.90 K
Diploma in International Trade Law at Indian School of Business Management and Administration, Kochi
|
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Data not available
|
7.90 K
Diploma in International Trade Law at Indian School of Business Management and Administration, Kochi
|
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Data not available
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Course Subjects
Different colleges have different subjects taught to the students, they differ by name but the content is almost the same. Some of the subjects taught in International Trade Law course are listed below:
International Trade Law
Law and Practice in International Banking and Commercial Payments
World Trade Law
Marine Insurance
Law and Practice
International Litigation and Arbitration
Legal Method and Research methodology
International law and International Relations: Development and Trends
International Organizations
International Courts and Tribunals
Law and Justice in Internationalized World
Careers in International Trade Law
International Trade Law course always have an ever-increasing demand due to the increase in global trade and interdependence. International trade is being carried out across different countries to increase profit for the country as well as meeting the economic demand of the world. Some countries have good manufacturing plants for a particular product while the others don’t, therefore countries use trading terms for import and export of such products.
The graduates of International Trade Law course will have versatile options for building a career in this field. After completing their bachelor’s degree, they can go for a master’s degree which offers them various international trade law course options. After their master’s degree, they can start with freelancing or initially join a company and work under them to get an experience of how advice is given and what strategies are made.
Upcoming trends
International Trade has been growing due to the lack of resources in one place and plenty at the other. Therefore, trading is required to increase the economic growth of the country. Some of the new trends that have been coming up in International Trade Law are:
Trade opportunities in new countries – Countries are growing their trade to grow their economic prosperity. Canadian services are growing continuously and the US is the major importer of these Canadian Services.
New Supply Chain technologies – Since the modernization of the world is taking place, people are adapting to new technologies. New technologies such as artificial intelligence, blockchain, drones and robotics are coming up.
Sustainable products – People are now demanding sustainable products, this reduces their expenditure every year. In 2012-2018 50% of customer goods were sustainable products.
Job Profiles and Top Recruiters
International Trade Law Job Profiles
After graduating from International Trade Law course, the student aims for good job profiles with which they can get a good and valuable experience as well as a sufficient amount of pay for the work they do. The lawyers can start their venture by starting their own company or work under some company and gain experience post which they can start their own company. Some of the job profiles are –
Job Profile | Job Description |
Legal Advisors conduct analysis and research on the legal matters arising in front of them from their clients or different organizations. They provide legal advice on legal matters and help in drafting legal opinions and other documents. They advise while drafting legal submissions and legal opinions as well. The usage of various resources and materials for carrying out legal research. They help in legal settlements of disputes and how legal clauses can be implemented during the dispute. | |
Assistant Professor | An Assistant Professor has to find out new and innovative ways of delivering knowledge to the students. They act as guides, leaders and mentors for the students when they need help in research projects. The submissions made to them by the students are evaluated, monitored and graded by them. They conduct creative and innovative career development programs and activities. |
Legal Analyst | A Legal Analyst is responsible for conducting research and gathering all the relevant information. They gather, proofread and make drafts on different documents like lease, policies, and licenses. They read old cases and write summaries based on legislation, regulations, standards, and journals. They record daily transactions taking place via electronic devices as well as physically writing them. They maintain relationships with the clients so that in future they contact you for legal and regulatory advice and support. |
International Trade Law Top Recruiters
Getting a good placement after studying a lot is what every student aims for. Even for International Trade Law course, many companies hire students for legal advice. Most of the companies who are hiring these candidates deal with the international trade of import and export of products. Students may even find job positions in colleges and universities where they can deliver their knowledge to the students. Some of the top recruiters are –
Colleges & Institutions
Indian Courts
Corporate Firms
International Criminal Court
Average Salary
Students expect a good salary in return to the work they do in the International Trade Law field. A good salary would keep the students motivated and they will keep working hard to increase their pay scale. The average salary for some job profiles is mentioned below –
Job Profile | Average Salary |
Legal Advisor | Rs. 3-4 lakhs p.a. (approx.) |
Assistant Professor | Rs. 11-12 lakhs p.a. (approx.) |
Legal Analyst | Rs. 4-5 lakhs p.a. (approx.) |
Required Skillset for International Trade Law
Students who wish to study International Trade Law and set up a career in it should possess good communication skills and confidence while delivering a speech. Some of the key skills required have been mentioned below –
Fluency – the clients, as well as the opposite parties, should understand what the lawyers are trying to say. They should be fluent in their language without any abruptions.
Confidence – The lawyers should have confidence in their speech. A little overconfidence or under-confidence would not make them win.
Persuasiveness – Good persuasive powers to convince the judges in case of disputes and bring the judgement in favour of their clients.
Hard Working – Hard work is the only key to success in life. You should always work hard and get the fruits of success.
Convincing Power – Firstly to convince the clients that they are perfect for their case and then convincing the judges.
Integrity – The lawyers should be honest and have moral principles while fighting the case.
Attentional to Detail – Pay close attention to even the smallest and the slightest details.
Good Presentation Skills – Good presentation of themselves in front of the opposition can move the confidence of the opposite parties.
Course Curriculum for International Trade Law
Each subject teaches different theories and skills to the students, after which they can develop themselves into an all-rounder. Let’s discuss what the International Trade Law course would teach the students.
International Trade Law will make the students learn about the theories and rules and regulations which help to advise the companies during international trading. An insight into why should companies carry out international trade which will help in effective production, profits and economic growth of the country. International business will help in successfully building trade relations with other countries, strategies are being made and implemented. The World Trade Organization would teach them about the laws set up by the World Trade Organization which are related to the trade regulations and dispute resolutions.
Popular International Trade Law Entrance Exams in India
CLAT PG
Application Process: 08 Aug, 2022 - 13 Nov, 2022
Popular International Trade Law Colleges in India VIEW ALL
TNDALU Chennai
- Fees: ₹ 67,200
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GITAM School of Law Visakhapatnam
- Fees: ₹ 105,000
- Exams: CLAT PG , LSAT India PG
VIT Law School, Chennai
- Fees: ₹ 85,000
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Frequently Asked Questions (FAQs)
Question: What is the difference between international trade law and international economic law?
Answer :
The most common difference here being is that international economic law is a broader term which includes all the laws relating not only to world trade organizations but also those related to the international monetary system and current regulations.
International trade law only deals with the rules of international legislation and those regulating international trade relations.
Question: Which are the postgraduate courses offered in international trade law?
Answer :
There are various courses offered at the LLM level of international trade law. Some of them are mentioned here –
LLM in International Trade Law
LLM in International Commercial Law
LLM in International Business Transactions and Trade Law
LLM in International and Comparative Law
LLM in International Trade and Economic Law
Question: Which are the colleges/universities offering this course?
Answer :
The top colleges/universities offering this course are –
NLU Hyderabad
NLU Kochi
Parul University
ALC – Asian Law College Noida
UPES School of Law
LPU Jalandhar
NLU Kolkata
Amity University, Noida
NLU Patiala
IIT Kharagpur
Question: What is the average starting salary of the students?
Answer :
The starting salary of the students differs from Rs. 2-3 lakhs p.a. (approx.).
Question: What are the fees for this course?
Answer :
The fees for this course is different for a different degree.
For Bachelor degree, it varies from Rs. 50000 to Rs. 2 lakhs p.a. (approx.)
For Master degree it varies from Rs. 1 – 2 lakhs p.a. (approx.)
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