News

Yiwu City establish a joint mediation mechanism for international trade disputes
2016-06-27

On May 26, Su Sudan Friendship Association, Mr. Moussa traveled made a special trip to Yiwu China, and Yiwu Foreign dispute people's Mediation Committee (hereinafter referred to as the "redeployment committee") signed a cooperation agreement of intent, establish a joint mediation mechanism of international trade disputes. The agreement by the Sultan government agreed to come into force, the Yiwu foreign dispute mediation work re innovation, deepening, and then development.
 
The signing ceremony, Yiwu Municipal Committee and the Soviet Union in the Friendship Association commissioned four aspects of mediation, mediation, mediation costs, information exchange, and other exchange of views and reached consensus. In the future, the two sides will carry out close cooperation in trade disputes mediation, integrity information exchange, folk cultural exchanges and other aspects of the expansion of the breadth and depth of foreign dispute mediation. The Municipal Judicial Bureau relevant responsible person said, Yiwu and Sultan to build cross-border trade disputes with the mediation mechanism, provides a new idea for the diversification of the dispute settlement mechanism exploration, is to adapt to the new national initiatives "The Belt and Road" policy requirements, redeployment committee will take this as an opportunity to promote exchanges with more countries, promote the long-term development of foreign mediation work.
 
Yiwu redeployment Committee since its inception in 2013, with "tune," the innovation mode, when the foreign-related disputes "peacemaker", foreign law "guide", Chinese and foreign folk custom cultural exchange "bypass", had been the subject of CCTV news broadcast, people's daily, Arab peninsula television a number of domestic and foreign mainstream media attention. Up to now, redeployment Committee has successfully mediated foreign-related disputes 263, involving 4173.81 million yuan, for domestic and foreign businessmen to restore economic losses 2307.02 million yuan which through the Sudanese civil Chamber of Commerce recovered more than 300 million yuan of money.
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