Legal Overview of International Trade in International Business Transactions in Indonesia

Abstract

The Diverse Human Needs Give Rise to Trade Relations Between Countries. Trade relations that have been established begin with simple models such as barter, buying and selling goods, and even larger and more complex trade relationships. Establishing international trade relations aims not only to meet the needs of a country but also to involve international business transactions between Indonesia and other countries. This research is conducted to understand the legal overview of international trade in international business transactions in Indonesia. This research employs a qualitative method in which the researcher selects normative legal research as the type of research, using sources and research materials from legislation and legal literature. The importance of existence of international trade law as part of international law is crucial, as international trade law plays a vital role in regulating international trade relations within the international community to achieve desired objectives, particularly in international business transactions in Indonesia. Furthermore, fundamental principles within the scope of international agreements serve as legal sources for international trade law, such as the principle of good faith.