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This Nutshell examines the legal rules governing international trade and economic relations. After initial chapters on the legal and practical environment for trade enterprises, it analyzes the principal institutions and rules governing international trade. Special attention is paid to the World Trade Organization (WTO), the General Agreement on Tariffs and Trade (GATT), the WTO Dispute Settlement Body, regulation of imports (including tariff rates, customs classification and valuation, and rules of origin), and trade remedy responses to import competition. Export controls, foreign corrupt practices, preferential trade agreements, and the trade law of the European Union and the North American Free Trade Agreement are also examined. U.S. law coverage is emphasized.