A second and fully updated edition of the book previously entitled Understanding Trade Law, this book presents an accessible yet nuanced introduction to the basic structure and principles of international trade law. It explores the development of the international trade law regime, principally GATT and WTO law, and through clear and concise discussion of the many developments that have arisen, gives a streamlined overview of this notoriously complex area of legal study. Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Michael Trebilcock provides a broad and deep narrative of the fundamental components of international trade law through succinct chapters, situating each topic in the context of broader domestic and international political economy considerations. The topics covered include: the emergence of the multilateral trading system (WTO); dispute settlement; tariffs; preferential trade agreements; the principle of non-discrimination; contingent protection laws; agriculture; services; investment; intellectual property; health; safety; environmental and labour standards regulation; and the role of developing countries in the trading system. Discussion is rooted by useful reference points to basic sources throughout. Written with the insight of 25 years' experience in the study of international trade law, this unique book makes a valuable addition to the literature and will be an indispensable reference point. It will be essential reading for students in law and a vital resource for those in economics, political science and international relations. Non-specialist scholars and policy advisors will benefit from the book's comprehensive and discerning exploration of the principles of international trade law.