Process eyed to solve Belt, Road dis­putes

China Daily European Weekly - - NEWS DIGEST -

China may cre­ate a pro­ce­dure and or­ga­ni­za­tion to han­dle the res­o­lu­tion of dis­putes aris­ing from is­sues re­lated to the Belt and Road Ini­tia­tive, the sec­ond meet­ing of the Lead­ing Group for Deep­en­ing Over­all Re­form con­cluded on Jan 23. The meet­ing, chaired by Xi Jin­ping, gen­eral sec­re­tary of the Com­mu­nist Party of China Cen­tral Com­mit­tee, ap­proved a guide­line about estab­lish­ing such a pro­ce­dure and or­ga­ni­za­tion. The goal is to law­fully set­tle com­mer­cial, trade and in­vest­ment dis­putes re­gard­ing the Belt and Road Ini­tia­tive, pro­tect the law­ful rights and in­ter­ests of Chinese and for­eign in­di­vid­u­als on equal foot­ing and cre­ate a sta­ble, fair and trans­par­ent busi­ness en­vi­ron­ment with the rule of law, those at the meet­ing de­cided. Ef­forts to set up the pro­ce­dure and the or­ga­ni­za­tion to han­dle dis­putes should fol­low the prin­ci­ples of ex­ten­sive con­sul­ta­tion, joint con­tri­bu­tion and shared ben­e­fits and should be based on China’s ex­ist­ing ju­di­cial, ar­bi­tra­tion and me­di­a­tion in­sti­tu­tions, the lead­ers agreed.

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