For in on of from by to

The success of ___(35)____ an offshore oil platform ____(36)___ in the Gulf of Mexico ____(37)____ 1947 was soon repeated elsewhere ____(38)____ the world, and by 1970 it was technically feasible to operate ____(39)____ waters 4000 meters deep. Foreign nations have the freedom _____(40)____ navigation and overflight, subject ____(41)_____ the regulation _____(42)_____ the coastal states. Foreign states may also lay submarine pipes and cables.

Aside ____(43)____ its provisions defining ocean boundaries, the convention establishes general obligations ____(44)____ safeguarding the marine environment and protecting freedom ____(45)____ scientific research ____(46)____ the high seas, and also creates an innovative legal regime ____(47)_____ controlling mineral resource exploitation ____(48)_____ deep seabed areas _____(49)____ national jurisdiction, ____(50)____ an International Seabed Authority.

Evaluation Scale

Points	Mark(s)	ECTS mark(s)
45-50	5	A
40-44	4	B
35-39	4	C
31-34	3	D
26-30	3	E
16-25	2	F
0-15	2	FX

U nit Ten

International Trade Law

Section A

Warmer:

1. How would you express the quotation in your own words?

Do you agree with the quotation?

Why or why not?

“What would this island be without foreign trade, but a place of confinement to the inhabitants, who (without it) could be but a kind of hermits, as being separated from the rest of the world; it is foreign trade that renders us rich, honourable and great, that gives us a name and esteem in the world.”

- Charles Molloy, De Jure Maritimo et Navale, 1676 (the epigraph of Schitthoff’s Export Trade: “The Law and Practice of International Trade” by Clive M. Schmitthoff, London, Stevens & Sons, 1990.)

Notes: confinement – ув’язнення, утримання, проживання

hermit – відлюдник, самітник

esteem – повага, шана

Section b Reading and speaking

Before you read:

2. Do your best to understand the meaning of the terms “international economic law”, “international trade”, “industrialization”, “globalization”, “multinational corporation”.

Match each term on the left with explanation on the right.

1. international economic law	(a) is the process of social and economic change that transforms a human group from an agrarian society into an industrial one.
2. international trade	(b) is a field of international law that regulates the behavior of states, international organizations and firms operating in the international area.
3. industrialization	(c) is an enterprise that manages production or delivers services in more than one country.
4. globalization	(d) is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP).
5. multinational corporation	(e) describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade.

Reading tasks: