What are the characteristics of international trade practices?

Characteristics of international trade practices

1. International trade practices are spontaneously formed in the long-term international trade practice, and their formation process is not controlled and restricted by government agencies. Its culture is generally compiled spontaneously by commercial autonomous organizations, which makes it different from domestic laws formulated by national legislatures and international treaties reached through mutual negotiation and compromise between countries.

International trade practices are generally observed and accepted by people in a certain area and industry. Accidental practice cannot be an international trade practice, which is an objective feature of international trade practice.

3. International trade practices must make people feel obligated and responsible, which is the subjective feature of international trade practices. Psychological factors are very important for judging the existence of conventions, and simple routine practices without corresponding psychological beliefs cannot constitute international trade conventions.