ASEAN-China commercial arbitration cooperation center launched
A center for commercial arbitration cooperation between the Association of Southeast Asian Nations (ASEAN) and China has made debut in Nanning, China's Guangxi Zhuang Autonomous Region, within the framework of the China-ASEAN Commercial Law Forum.
ASEAN and China representatives at a meeting. Photo courtesy of Vietnam News Agency.
The center is a non-profit communication and cooperation platform for international commercial arbitration, which is jointly formed by arbitration bodies, legal services agencies, business associations, and university think tanks from China and ASEAN member countries.
It aims to deepen and expand exchange and cooperation on arbitration among China and ASEAN countries, promoting the establishment of a China-ASEAN commercial arbitration cooperation mechanism and the settlement of various trade disputes and improving the level of market operation facilitation, and providing high-quality, efficient and professional arbitration-related services and support for China-ASEAN trade and regional economic development.
The center applies a cooperative model of co-construction. Initially, it will form 11 agencies and units, including an arbitration association of Guangxi, the ASEAN Law Association, and the Asian Institute of Alternative Dispute Resolution.
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