High-level Di­a­logue on In­ter­na­tional Com­mer­cial Ar­bi­tra­tion among OBOR Coun­tries held

China's Foreign Trade (English) - - Briefing -

A high- level di­a­logue on in­ter­na­tional com­mer­cial ar­bi­tra­tion among the coun­tries along the “Belt and Road” route was held in Bei­jing in Septem­ber. The di­a­logue, jointly hosted by China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade, China In­ter­na­tional Eco­nomic and Trade Ar­bi­tra­tion Com­mis­sion (CIETAC) and In­ter­na­tional Cham­ber of Com­merce ( ICC), in­vited more than 300 renowned lawyers, ar­bi­tra­tors, rep­re­sen­ta­tives from multi­na­tional com­pa­nies from over 10 coun­tries.

When ad­dress­ing the di­a­logue, CCPIT Vice Chair­man Chen Zhou stressed the im­por­tance of as­sist­ing en­ter­prises in un­der­stand­ing a fair, rea­son­able and ef­fi­cient in­ter­na­tional com­mer­cial dis­pute set­tle­ment for coun­tries along the Belt and Road route as more Chi­nese en­ter­prises are par­tic­i­pat­ing in the con­struc­tion as part of the Belt and Road Ini­tia­tive. Chen added, the CCPIT will work with peo­ple from all walks of life to pro­mote the in­ter­na­tional com­mer­cial ar­bi­tra­tion af­fairs, bet­ter serve com­pa­nies along the Belt and Road route and boost global trade and in­vest­ment.

Dr. Mo­hamed S. Ab­del Wa­hab, the Vice Pres­i­dent of the ICC In­ter­na­tional Court of Ar­bi­tra­tion said, the ICC is con­tin­u­ously ded­i­cated to the set­tle­ment on com­mer­cial dis­putes. His or­ga­ni­za­tion will con­trib­ute more to the dis­pute set­tle­ment rel­e­vant to the coun­tries along the Belt and Road route.

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