The need to regulate international economic relations at the interstate level

Multilateral regulation of world trade at the interstate level has an increasingly noticeable impact on the conditions for the implementation of trade, economic, production and technical ties between countries, on their volume and structure.

Multilateral regulation is an integral part of the world trade machinery. It acts as a means of facilitating the exchange of material values and services, production and technical knowledge and experience between national producers-exporters of goods and services. Organizational forms of multilateral regulation of interstate trade and economic relations are international economic organizations.

Interstate regulation of international relations is a set of obligations voluntarily assumed by various countries and general rules of action in the sphere of world economic relations. The main task of interstate regulation of IER is to develop conditions for international cooperation, legal norms on the basis of which countries build their relations and provide each other with certain benefits in the field of economic cooperation.

The objects of interstate regulation are various forms of IER. The subjects of interstate regulation are national state bodies, international intergovernmental organizations. International economic organizations play a special role in the regulation of international economic relations, as they have supranational powers, i.e. a set of structural, functional and procedural features that determine their priority in relation to the member states.

Interstate regulation of IER is carried out within the framework of various international agreements (bilateral, multilateral, international), conferences, unions, associations, negotiations, meetings at the governmental level, forums and diplomacy. The instruments of interstate regulation of IER are: trade treaties, agreements on economic and technical cooperation, agreements on financial assistance, conventions, resolutions, guidelines and model contracts.

The need for interstate regulation of IER, the creation of special supranational regulatory bodies is predetermined by the following processes:

growth of production and development of communications on an international scale (as a result, since the middle of the 19th century, more than 500 international organizations have been created, including the Universal Postal Union, the International Telecommunication Union, the World Intellectual Property Organization, etc.); deepening of MRI, international specialization and production cooperation; intensive development of all forms of IER; regional economic integration processes; aggravation of global problems of our time (environmental problems, the fight against epidemics, international terrorism and the spread of drugs, etc.). International security controls, including the peaceful uses of nuclear energy and the implementation of disarmament agreements, are particularly needed; the worsening problems of the international debt crisis; changes in the countries of the “third world”. Solving the problems of developing countries required the functioning of a system of supranational regulatory authorities.