On May 3, China Maritime Arbitration Commission (CMAC) officially separated its operation from China International Economic and Trade Arbitration Commission (CIETAC). CCPIT Chairman Jiang Zengwei, who is also the Director of CMAC, jointly with Zhao Zhenhua, Director-General of Coordination Department of Legislative Affairs Office of China’s State Council, established CMAC in Beijing. More than 50 delegates from Supreme People’s Court, Ministry of Transport, CCOIC and CIETAC attended the establishment ceremony.
Jiang Zengwei delivered a speech
Jiang Zengwei noted, since its establishment nearly six decades ago, CMAC has gained much influence on domestic and international arbitration affairs and contributed to boosting China’s outbound trade. As the world’s second largest economy and the largest trade nation and outbound investment body, China should not only be a large nation for trade and investment arbitration, but also for maritime arbitration. Meanwhile, CMAC is also required for China’s participation in global governance.
Jiang added, CMAC should explore its weaknesses in development and position itself as an Asia-Pacific maritime arbitration center and international maritime arbitration institution. CMAC can only strive to expand business, offer quality services, strengthen capacity building and build up China’s unique brand of maritime arbitration by separating its operation from CIETAC and clarifying its own position.
Jiang noted, CMAC’s development is strongly supported by Legislative Affairs Office of China’s State Council, Supreme People’s Court, Ministry of Transport and all society. CMAC requires the efforts, responsibility and innovation from its new arbitrators.
Jiang hoped CMAC can foster a team of arbitrators with professionalism, team spirit, impartiality, social influence and wide recognition from all walks of life. He expected CMAC can contribute to lifting the international status of China’s maritime arbitration affairs.
Invited guests hailed CMAC’s achievements in domestic and international maritime arbitration and maritime dispute solution. They expected CMAC, in the wake of the separation from CIETAC, can play a more essential role in the construction favored by “Belt and Road” Initiative.
Jiang Zengwei also awarded letters of appointment to CMAC’s new arbitrators afterwards.