CAVEAT EMPTOR: ARE DECISIONS MORE FAVOURABLE TO THE SELLER ON MATTERS RELATING TO LETTERS OF CREDIT?

The People’s Republic of China (PRC) has long been a source of much speculation for economists and trade pundits; with its staggering population of 1,296,500,0002 it has become a force to be reckoned with. It is with China’s accession to the World Trade Organization (WTO) on December 11, 2001 that...