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China, Brazil, India, South Africa and Russia forge legal framework

Tuesday, 13th April 2016

"THE BRICS Dispute Resolution Shanghai Center was recently established in Shanghai, a milestone in legal collaboration among Brazil, Russia, India, China and South Africa. The results are expected to have far-reaching impact on BRICS countries and on world politics and economics.

Enhancing legal cooperation among BRICS members not only helps developing countries to bolster their negotiating positions on the world stage but also pushes forward the establishment of a fair and equitable international system.

Given the huge differences of the BRICS in terms of geography, politics, economy, culture, traditions and legal systems, member nations will inevitably confront challenges as they deepen ties in finance, trade and investment. More cross-border disputes will need to be addressed, requiring impartial and efficient dispute resolution. That is where the new center in Shanghai comes into play."

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Language: English
Contact: Du Lijun

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