BEIJING: Guangzhou Arbitration Commission (GZAC), China and Center for International Investment and Commercial Arbitration (CIICA) - Pakistan’s first international arbitration center - signed a memorandum of understanding (MoU), to deepen cooperation in international arbitration between both countries, according to China Economic Net.
GZAC stated that the signing of MoU symbolizes the joint construction of Belt and Road Initiative (BRI) by arbitration organizations of China and Pakistan.
In the future, the two sides will further promote the “Four Sharing”, explore new paths for the development of online dispute settlement mechanisms, jointly cope with the increasing number of transnational disputes and offer international arbitration services in a better way.
Chen Simin, Director of GZAC, noted on the occasion that the cooperation reached between CIICA
and GZAC in the “Four Sharing” will surely promote the cooperation between China and Pakistan in the field of arbitration legal services.
Militants entered from Afghanistan a month ago and were well-trained, says DIG CTD KP Hassan Raza
Petitioner submitts it essential to establish Election Tribunal in consultation with CJ of relevant high court
Marwat reveals certain groups within PTI engage only in criticising central leadership via social media
Earthquake's epicentre was located in Hindu Kush region of Afghanistan at depth of 220 kilometres
Wah Saddar Police arrest criminal Zabaghat with 3.2 kilograms of hashish
Negligence may cause loss of lives in terms of an increase in HIV-positive patients after dialysis of an HIV carrier
