The government has announced more protection will be available for businesses wishing to trade overseas, under new European Union contract law.

In the event of cross-border commercial disputes, the Rome I regulations will come into effect to clarify which parties country’s law applies.

Bridget Prentice, international justice minister, is said to be delighted about the news, as it allows, and encourages cross-border trading to grow.

She said: “Much of the business conducted by the UK is done by contract, and with international parties … For these businesses and individuals, it is crucial that the law applying to their contracts is certain and predictable.”

The decision to sign up to the agreement was confirmed by ministers after a government consultation and will come in to effect in December next year.

Last month, the EU Commission said it would be looking into ways to improve ecommerce between member sates to make it easier for consumers to get the best deals.

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