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Inauguration of Advisory Panel for CCPIT as UNCITRAL Observer Held in Beijing

01/04/2021 15:06

On December 22nd, the Inauguration of Advisory Panel for CCPIT as UNCITRAL Observer was held in Beijing. Lu Pengqi, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT); Wang Shumei, President of the Fourth Civil Division of China’s Supreme People’s Court (SPC), and Ye Dingda, Deputy Director of the Small and Medium Enterprise (SME) Bureau of the Ministry of Industry and Information Technology, attended the opening ceremony and delivered speeches. Anna Joubin-Bret, Secretary of the United Nations Commission on International Trade Law (UNCITRAL), delivered a video address.

Lu Pengqi said at the opening ceremony that the CCPIT has always attached great importance to and actively participated in the work of the UNCITRAL. In 2019, the CCPIT became a non-governmental observer of the UNCITRAL and all of its six taskforces, which marked the Chinese business community's legal and independent seat in the UNCITRAL. In the face of major changes unseen in a century, it is hoped that the advisory panel will give full play to its professional advantages, make full use of the UNCITRAL as a platform to effectively build global consensus, and provide strong support for the in-depth participation of the Chinese business community in UNCITRA-related work.

Anna Joubin-Bret stated in the video speech that the CCPIT, as a representative of the Chinese business community, has duly played its role in participating in the relevant work of the UNCITRAL. The expert list of the advisory panel will become an important resource for the follow-up meetings and seminars of the UNCITRAL.

In her speech, Wang Shumei pointed out that the Fourth Civil Division of the Supreme People’s Court hopes to cooperate with the CCPIT and conduct joint research in dispute resolution, cross-border bankruptcy, judicial auction of ships, and other topics and fields of the UNCITRAL's taskforces, so as to play a greater role for China's in-depth participation in international rule-making, deepening of international judicial exchanges and cooperation, as well as service guarantees, to further expand opening up.

Ye Dingda said in his speech that since the beginning of this year, in order to help SMEs cope with the epidemic, the state has successively introduced a number of policies and measures to alleviate the difficulties in production and operation of enterprises and promote positive growth. He suggested that when participating in the work of the UNCITRAL, the advisory panel should focus on and continuously optimize the business environment, guide the high-quality development of SMEs, help them deeply integrate into the global value chain, and effectively help them achieve sustainable and healthy development under the new situation.

In the expert appointment ceremony, Lu Pengqi announced the inauguration of the Advisory Panel for the CCPIT as UNCITRAL Observer and issued letters of appointment to the members of the panel.

In the speech session for the representatives of the advisory panel, the representatives of the six taskforces on the SMEs, dispute resolution, investment dispute reform, e-commerce, as well as the bankruptcy law and the judicial auction of ships, delivered speeches respectively.

The Advisory Panel for CCPIT as UNCITRAL Observer will serve as an external advisory force for the CCPIT to perform its duties as an observer of the UNCITRAL. It will assist the CCPIT to form a position paper before the meeting, participate in dialogue and consultations during the meeting, and summarized for further improvement after the meeting; it will also help the CCPIT with advanced research, strategic research, and agenda designing and planning, and effectively assist the CCPIT to play its role as an observer of the UNCITRAL. 

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