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| On the Embodiment and Function of the Principle of Good Faith in International Trade Abstract Market economy refers to the economic situation in which social resources are allocated through the market. The world is regarded as a whole in international trade, that is,the entire market, and resources are allocated in the world market. Honesty is regarded as the cornerstone and an indispensable principle.The continuous development of the market economy requires market entities to follow the principle of honesty. This is the inherent need and the foundation and symbol of modern civilization.The principle of good faith is a universal moral and code of conduct.It is a moral bridge for establishing mutual trust and mutual benefit between trade and trade, between companies and between people in modern economic society. At present, due to the increasingly severe and complex international trade environment, the principle of good faith is also prominent. This paper will study the principle of good faith in international trade.Firstly, it introduces the concept and relationship between the principle of good faith and international trade, expounds the manifestation of the principle of good faith from many aspects,and finally introduces to the function of the principle during conducting international trade, so that national enterprises pay attention to the principle of good faith during conducting international trade, strive to overcome the lack of good faith in practice, and promote international economic development. Key words: the principle of good faith; international trade; embodiment; function Contents Introduction 1 1 Background Information 3 1.1 The Definition of the Principle of the Good Faith 3 1.2 The Definition of International Trade 3 1.3 The Relationship Between International Trade and the Principle of Good Faith 5 2 The Embodiment of the Principle of Good Faith in International Trade 5 2.1 In Contract Law 7 2.1.1 At the Contracting Stage 8 2.1.2 At the Contract Performance Stage 9 2.1.3 At the Termination Stage 9 2.2 Letter of Credit 10 2.2.1 Basic Procedure 11 2.2.2 Basic Types 11 2.2.3 Promoting Effect on International Trade 12 2.3 In Business Negotiations 12 3 The Function of the Principle of Good Faith in International Trade 15 3.1 On International Trade Relations 15 3.2 On Countries 16 3.2 On Enterprises 17 Conclusion 19 Bibliography 20 Acknowledgements 21 |
