Soft law
Soft law: in trade policy parlance, international arrangements that do not require parties to them to enforce the measures contained in them. In other words, they are hortatory arrangements. Examples of instruments entailing soft law are the Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices negotiated under UNCTAD auspices, the OECD Guidelines for Multinational Enterprises and the APEC Non-Binding Principles on Government Procurement. There is a view among some practitioners of international law that a non-binding legal instrument may result in new norms if it has been adopted properly. See also hard law.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
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Author of the text: W. Goode
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