Based in Vienna, 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. UNCITRAL has been established for over 40 years and is a legal body with universal membership. Recognising the importance of trade for growth and development, higher living standards, and new opportunities, UNCITRAL is committed to formulating modern, fair, and harmonized rules on commercial transactions.