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Whilst Public International Law governs the legal relationships between sovereign states, International Economic Law is that area of Public International Law dealing with the trading relationships between states. The scope of this area covers not only international trade law but also international investment law; this module will concentrate on the former through an analysis of the law developed within the World Trade Organisation. The first part of the module is devoted to an examination of the fundamental principles of the trading regime (the most-favoured-nation and the equal treatment principles, and the policy space given to WTO Members through an examination of the exceptions to these principles) and the dispute settlement system in the WTO. The second part of the module is devoted to a discussion of domestic regulation through an examination of the Agreements on Sanitary and Phytosanitary Measures and Technical Barriers to Trade before discussion turns to "unfair trade" which involves an examination of the rules on dumping, subsidies and safeguards.