TY  - JOUR
T1  - Internationalization of Malaysian SMEs and the Relevance of the UN Sale Convention
AU - Zahid, Anowar 
JO  - International Business Management
VL  - 9
IS  - 6
SP  - 1234
EP  - 1236
PY  - 2015
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2015.1234.1236
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2015.1234.1236
KW  - Barrier
KW  -law
KW  -GDP
KW  -draft
KW  -sale
AB  - Aimed at 41% of contribution to GDP and employment growth of 62% by Small and Medium Enterprises (SMEs) by 2020, Malaysian government wants them to trade internationally. In this respect, SMEs have to face a strong legal barrier. They have to choose foreign law as applicable law for their contract. Because, they are not familiar with Foreign Law this creates uncertainties for them which may cost them money and time to educate themselves in that law, to understand its application, to negotiate and draft contracts and to have disputes if any, settled. The UN Convention on International Sale of Goods 1980 (CISG) has become a universal piece of law being ratified by a large number of states including all major trade partners of Malaysia except the UK which is presently considering its ratification. As such, this study argues for Malaysia to become a member of the convention which will place Malaysian traders on a level playing field with their counterparts in sale transactions internationally.
ER  -