VIENNA, 5 March (UN Information Service) -
With its accession to the United Nations Convention on Contracts for
the International Sale of Goods (CISG), Brazil becomes the 79th State
Party to the Convention. The Convention will enter into force for Brazil
on 1 April 2014.
The United Nations Convention on
Contracts for the International Sale of Goods provides an equitable and
modern uniform framework for the contract of sale, which is the backbone
of international trade in all countries, irrespective of their legal
tradition or level of economic development. The CISG is therefore
considered to be one of the core conventions in international trade law.
The Convention, which has been adopted
by a large number of major trading countries, establishes a
comprehensive code of legal rules governing the formation of contracts
for the international sale of goods, the obligations of the buyer and
seller, remedies for breach of contract and other aspects of the
contract. Further information on the CISG is available on the UNCITRAL
website at
www.uncitral.org.
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