COMMENT International trade is more than just the sale or the transfer of goods and services. It encompasses trade across borders using a framework that reconciles various laws, cultures and business practices.

It is pivotal that the adage ‘honesty is the best policy’ is adopted to ensure the fairest and best of practices. But how do we define ‘honesty’ in the context of international trade?

A formalised approach is necessary in trade negotiations and requires a set of laws and regulations which adopt the rules of transparency in all transactions. Issues of honesty, fairness and accountability are more critical than ever before.