The Benefits of Adoption of the United Nations Convention on Contracts for the International Sale of Goods in Ethiopia

Master's Thesis from the year 2021 in the subject Law - Civil / Private, Trade, Anti Trust Law, Business Law, grade: 3.71, Bahir Dar University (School of Law), course: International Business Transaction, language: English, abstract: This thesis aims at analyzing the benefits and perspectives of adoption of the CISG in Ethiopia and seeks to make a case for adoption of the CISG in Ethiopia. The thesis argues that adoption of the convention is important for countries like Ethiopia. After introducing the research paper and the research process in the first chapter, the thesis, in chapter two, discusses the need for harmonization of international sales law. In chapter three, benefits of adopting the CISG is explained. While chapter four examines the adoption of the convention from the Ethiopian perspectives, the concluding chapter draws overall conclusions and puts forward recommendations based on the research findings. The United Nations Convention on Contracts for the International Sale of Goods (CISG) came in to force, having been adopted on 11th April 1980 at an international conference in Vienna, Austria. The convention was drafted with a view to create uniform rules to govern contracts for the international sale of goods by removing legal barriers in international business transaction. To date 83 states have adopted the Convention. However, Ethiopia did not ratify the Convention yet. The reasons for not adopting the convention is that Ethiopian government does not see commercial law reform as a priority, due to other more pressing needs and the relative importance of private sector in the national economy. Moreover, commercial law reform requires legal capacity that is seldom available locally.