EAM S. Jaishankar Emphasizes Modern Legal Frameworks at UNCITRAL Conference
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External Affairs Minister Dr. S. Jaishankar addressed the 60th-anniversary commemoration of UNCITRAL in New Delhi, stressing the need for harmonized legal frameworks to navigate the complexities of modern digital commerce and global supply chains.
External Affairs Minister Dr. S. Jaishankar recently addressed the 60th-anniversary commemoration of the United Nations Commission on International Trade Law (UNCITRAL) in New Delhi. The event served as a platform to deliberate on the evolving landscape of international trade law in an era defined by rapid technological disruption and shifting geopolitical dynamics.
In his address, Dr. Jaishankar underscored that the traditional legal frameworks governing international trade are increasingly inadequate for the challenges posed by the digital economy, complex global supply chains, and cross-border investments. He emphasized that for India—and the global community—to thrive in a post-globalization era, there is an urgent need for predictable, transparent, and harmonized legal standards. Such frameworks are essential to reduce transaction costs, mitigate risks for investors, and provide efficient, neutral dispute-resolution mechanisms that can handle the nuances of digital commerce and intangible assets.
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