Analysis and Interpretation of the Principle of Equity and Mutual Benefit in International Economic Law

https://www.doi.org/10.32523/2791-0954-2024-11-3-52-60

Abstract

With the deep development of social economy, the application of international economic law is becoming more and more extensive. As an organic legal system, international economic law contains a number of international laws and treaty provisions. In international economic trade, the role of international organisations is reflected in both fairness and unfairness. As a result of complex political factors, small and weak countries often suffer from unequal treatment in international economic trade. However, the emergence of international economic law, especially the establishment of the principle of fairness and mutual benefit, has brought a ray of hope for the improvement of inequality in international economic trade. The principle of fairness and mutual benefit occupies an important position in international economic law, and contains the two main themes of equality and reasonableness. In the current situation, the study of the principle of fairness and mutual benefit in international economic law is crucial to the maintenance of economic order and the stability of the economic system. The principle of fairness and mutual benefit is the basic principle in all fields of international economic law, and has been widely recognised by the international community. In the whole system of international economic law, the basic principle is the core, and the principle of fairness and mutual benefit is the most basic principle, and it is of great practical significance to adhere to and implement the principle of fairness and mutual benefit.