China International Economic and Trade Arbitration Commission Announcement

2012-04-24  

The China International Economic and Trade Arbitration Commission (CIETAC) is a permanent international arbitration institution independently resolving economic and trade disputes that was set up in 1954 with the approval of the Government Administration Council of the Central People’s Government and under the organization of the China Council for the Promotion of International Trade/CCPIT (China Chamber of International Commerce/CCOIC). The CIETAC has sub-commissions. The CIETAC and its sub-commissions form an integrated arbitration commission that uses a uniform set of Arbitration Rules and Panel of Arbitrators.

In order to better meet the needs of development, further standardize its business management and promote its efficiency so as to provide parties with high-quality arbitration service, the CIETAC revised its Arbitration Rules in January 2012 in accordance with China’s Arbitration Law and the principles laid down in the relevant State Council’s Reply of 1988. Approved by CCPIT/CCOIC in February 2012, the new Arbitration Rules will come into force on May 1, 2012.

As from May 1, 2012, the CIETAC Arbitration Rules (2012) shall uniformly apply to the CIETAC and its sub-commissions.

The new CIETAC Arbitration Rules (2012) have been released on the CIETAC’s official website www.cietac.org for reference.