Chongqing Should Set Up An International Arbitration Agency To Resolve Foreign Trade Disputes.

Huang Qifan, the National People's Congress and mayor of Chongqing, said in Beijing 13 days that they suggested that the relevant state departments support Chongqing's establishment of an international arbitration agency to meet the needs of Chongqing's export oriented economic development.

In recent years,

Relying on the opening functions of the three major pport hubs, three national open ports and three bonded zones, we have been expanding to the East and West, opening up to the outside world and accelerating the construction of an export-oriented economic development mode.

During the "12th Five-Year" period, Chongqing's import and export growth exceeded 5 times, and trade in services increased by nearly 4 times.

At the same time, the commercial disputes encountered by Chongqing enterprises in international trade are increasing day by day, which has affected the development of enterprises in the international market.

"The existing arbitration institutions in Chongqing have only internal service functions, which can not meet the needs of Chongqing's export oriented economic development."

At the four session of the twelve session of the National People's Congress, Huang Qifan's report on the work of the "two houses" was made by the Chongqing delegation. At the four session of the National People's Congress, he said that in the construction of inland open Highlands, the number of foreign-funded enterprises and the volume of international trade are increasing.

What does not match with this is that Chongqing does not have an international arbitration agency to settle disputes in commercial and foreign trade. It is suggested that an international arbitration institution be established in Chongqing.

At present, China is in Beijing, Shanghai,

International arbitration institutions were set up respectively.

However, in the Midwest of China, where foreign trade is increasingly active, when foreign trade disputes arise, they have to go to the three countries or Singapore to seek arbitration.

However, Chinese enterprises have almost ten suits and nine defeats in overseas arbitration, and at the same time, they must bear the high cost of arbitration.

Huang Qifan said that arbitration, as a legal way to solve international civil and commercial disputes, has the advantages of independence, impartiality, freedom, speed, low cost, strong confidentiality and wide implementation. It has become the preferred way of dispute resolution in the international business field, and 90% of international trade and investment disputes are carried out.

Solve.

The establishment of an international arbitration institution relying on the Chongqing Arbitration Commission will be conducive to the coordinated development of Chongqing.