West Science Social and Humanities Studies
Vol. 2 No. 12 (2024): West Science Social and Humanities Studies

Legal Harmonisation in BRICS: Analysing Cross-Border Trade Rules and Dispute Settlement Mechanisms

Haryono Haryono (Universitas Bhayangkara Surabaya)
Woro Utari (Universitas Wijaya Putra Surabaya)
Diah Ayu Rahmawati (Universitas Bhayangkara Surabaya)
Budi Endarto (Universitas Wijaya Putra Surabaya)
Joice Soraya (Universitas Wisnu Wardhana Malang)



Article Info

Publish Date
31 Dec 2024

Abstract

This study explores the legal harmonization of cross-border trade regulations and dispute settlement mechanisms within the BRICS bloc, comprising Brazil, Russia, India, China, and South Africa. With diverse legal traditions and economic priorities, BRICS nations face significant challenges in aligning their legal frameworks to foster seamless trade and effective dispute resolution. Using a normative juridical approach, this research examines regulatory disparities, existing dispute resolution mechanisms, and the potential for harmonization. The findings highlight key barriers, such as fragmented legal systems, inconsistent enforcement, and limited institutional capacity, while proposing actionable strategies, including standardized tariff systems, mutual recognition agreements, and the establishment of a centralized arbitration body. By addressing these issues, the study underscores the importance of legal alignment for enhancing economic integration and strengthening BRICS' position in global trade.

Copyrights © 2024






Journal Info

Abbrev

wsshs

Publisher

Subject

Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Public Health Social Sciences

Description

West Science Social and Humanities Studies is an academic journal that focuses on interdisciplinary research in the fields of social science, science, and humanities studies. The journal aims to present high-quality articles that make significant contributions to our understanding of society, ...