Tao Kaiyuan, vice-president of the Supreme People's Court (SPC), reiterated the need to deepen international cooperation on judicial affairs to achieve the development of China's international commercial tribunal, and to contribute Chinese wisdom to resolving international commercial disputes with efficiency and at a low cost.
She made the remarks while attending the Third Seminar of the International Commercial Expert Committee (ICEC), which was also a reappointment ceremony for the first group of expert members, hosted by the SPC on Aug 24.
She said that the fair and efficient resolution of international commercial disputes has become a key driving force in promoting the development of modern businesses and economic prosperity worldwide. The SPC has striven to build an international commercial tribunal and improve the International Commercial Expert Committee, with the aim of establishing an international commercial dispute resolution mechanism that is fair, efficient, convenient and cost-effective, according to Tao.
Work has been done to improve the "one-stop" diversified dispute resolution system connecting litigation, arbitration and mediation, which has greatly enhanced the online service capacity of the international commercial tribunal, and heard a group of complex cases with rule-setting significance, she said.
In response to the challenges of the new era, Tao pledged that the SPC will strengthen institutional innovation and strive to build a Chinese brand among international commercial tribunals. More efforts will be made to improve the operation mechanism, jurisdiction standards and procedure regulations to streamline the "one-stop" resolution mechanism, she said.
Work will also be done to accelerate sci-tech empowerment in resolving international commercial disputes and deepen the integration between international commercial trial work and smart court construction, so that online and remote litigation is more feasible, Tao stressed. There is also the need to deepen international judicial cooperation and mutual learning, in order to make economic globalization more open, inclusive, balanced and beneficial to all, she added.