by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Comity?Comity is when governments, nations, or political entities mutually recognize legislative, judicial, and executive acts of the other. Comity is derived from the Latin term comitas.Comity may be treated as a legal oblgigation or simply as goodwill toward...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Common Market for Eastern and Southern Africa (COMESA)?The Common Market for Eastern and Southern Africa, also known as COMESA, was founded in December 1994 with the agenda to replace the initial Preferential Trade Area from the 1980s. The organization was...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Copenhagen Criteria?The Copenhagen Criteria refers to the conditions that candidate countries must meet before they can be part of the European Union. The criteria had been established in 1993 by the Copenhagen European Council, and later strengthened in...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Global System of Trade Preferences (GSTP)?The Global System of Trade Preferences or GSTP is a trade agreement developed by the United Nations. It was signed and consented to by developing countries under the aegis of the United Nations on 13th April,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Chicago Convention?Chicago Convention, also known as The Convention on International Civil Aviation, is a multi-national agreement giving rise to a special agency called Civil Aviation Organization (ICAO). This agency is concerned with monitoring and...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is CARICOM?Caribbean Community and Common Market (CARICOM) is an organization formed by twenty countries in the Caribbean region for promoting economic integration and mutual cooperation among its member countries. What is the History of the Caribbean Community...
