UNIDROIT 16d ago

Welcome to Episode 3 of the *UNIDROIT Instruments Explained* series! In this episode, we explore the *UNCITRAL–UNIDROIT Model Law on Warehouse Receipts (MLWR)* —a powerful legal framework designed to modernise trade and finance systems, especially within the agricultural sector. Jointly developed by UNIDROIT and the United Nations Commission on International Trade Law (UNCITRAL), the Model Law offers a harmonised approach to warehouse receipts. This makes it easier for businesses and farmers alike to access credit, reduce transactional risk, and participate more efficiently in global markets. 💡Through the establishment of a unified legal regime for both paper-based and electronic warehouse receipts, the Model Law is designed to: • Clarify the significance of warehouse receipts as vital instruments in modern commerce. • Establish a robust structure and scope for warehouse operations as a joint international standard. • Enable the transition to digital trade through the use of electronic receipts, digital platforms, and blockchain. • Support the financial inclusion of MSMEs by facilitating easier access to asset-based lending. • Promote sustainable agriculture and contribute to achieving UN SDG 2 (Zero Hunger). Whether you are a policymaker, legal expert, or development advocate, this episode demonstrates how legal innovation can unlock economic opportunity and improve livelihoods worldwide through harmonised private law. 📘For comprehensive resources on the Model Law, visit the UNIDROIT website: https://www.unidroit.org/instruments/warehouse-receipts/ #UNIDROIT #UNCITRAL #WarehouseReceipts #MLWR #AgriculturalFinance #TradeLaw #FinancialInclusion #LegalHarmonisation #SustainableDevelopment