On September 6, the 2023 China Arbitration Summit and The 3rd Belt and Road Arbitration Institutions Forum was held in Beijing. Yu Jianlong, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT), attended and addressed the opening ceremony.
Yu Jianlong said that a new round of scientific and technological revolution is profoundly affecting the global economic structure, and international arbitration has unique advantages in resolving commercial disputes, optimizing business environment and building the rule of law at an international level. As this year marks the 10th anniversary of the Belt and Road Initiative (BRI), international arbitration is faced with new opportunities and challenges. In response to new circumstances, the international arbitration community should build consensus, enhance mutual trust, deepen exchanges, and jointly promote the stable and rapid development of the world economy.
Co-hosted by the China International Economic and Trade Arbitration Commission (CIETAC) and the United Nations Commission on International Trade Law (UNCITRAL), the Forum launched a cooperation mechanism on foreign law ascertainment of the Belt and Road arbitration institutions. More than 500 people including representatives of the legal profession and business people from 25 countries and regions attended the event in person, and over 4.12 million people from 145 countries and regions participated via video link.