For information only - not an official document
25 September 2014
Madagascar accedes to the UN Convention on Contracts for the International Sale of Goods (CISG)
VIENNA, 25 September (UN Information Service) - With its accession to the United Nations Convention on Contracts for the International Sale of Goods (CISG), Madagascar becomes the eighty-second State Party to the Convention. The President of Madagascar, Hery Martial Rajaonarimampianina Rakotoarimanana, presented the instrument of accession during the annual Treaty Event held at United Nations Headquarters in New York. The Convention will enter into force for Madagascar on 1 October 2015.
The accession of Madagascar to the CISG was facilitated by a joint initiative between the Government of Madagascar, and, in particular, its Ministry of Justice, the Department of Cooperation and Cultural Action of the French Embassy in Madagascar, and the Secretariat of the United Nations Commission on International Trade Law (UNCITRAL) aimed at modernizing the law of international sale of goods and of electronic transactions in that country.
The CISG provides an equitable and modern uniform framework for the contract of sale, which is the backbone of international trade in all countries, irrespective of their legal tradition or level of economic development. Its adoption and use may contribute significantly to introducing certainty in commercial exchanges and decreasing transaction costs.
The CISG establishes a comprehensive code of legal rules governing the formation of contracts for the international sale of goods, the obligations of the buyer and seller, remedies for breach of contract and other aspects of the contract. A large number of major trading countries are already parties to the CISG, which is considered to be a core convention in international trade law.
Further information on UNCITRAL texts is available on the UNCITRAL website at www.uncitral.org.
The United Nations Commission on International Trade Law (UNCITRAL) is the core legal body of the United Nations system in the field of international trade law. Its mandate is to remove legal obstacles to international trade by progressively modernizing and harmonizing trade law. It prepares legal texts in a number of key areas such as international commercial dispute settlement, electronic commerce, insolvency, international payments, sale of goods, transport law, procurement and infrastructure development. UNCITRAL also provides technical assistance to law reform activities, including assisting Member States to review and assess their law reform needs and to draft the legislation required to implement UNCITRAL texts. The UNCITRAL Secretariat is located in Vienna, Austria.
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