Globalisation
•Vasudev Kutumbakam becoming a reality
•Free and Fair Trade and Vanishing Economic
Boundaries
•UN, WTO, WB, IMF, OECD, ADB and ICC are standardising rules for International Trade
•UN EDIFACT Standard for E-commerce is standardising information
relating to Financial, Administration, Commercial and Transportation information
•Internet and Global ERP Vendors (SAP, Oracle, Baan, PeopleSoft, etc) are spreading Global Best Practices in Business
•All these moving towards Single Law for Trade and Commerce