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Common values lead the way on Belt and Road

Tuesday, 22nd February 2017

"Unified arbitration mechanism is needed for legal issues due to diverse cultures

This should be the beginning of a busy year for Wang Guiguo. This year he wants his idea of building a modern legal structure for China's new-age Silk Road initiatives to come to pass.

Wang, who is the president of the Hong Kong-based International Academy of the Belt and Road, and is a professor of international law in Beijing, Hangzhou and New Orleans in the United States, published a book in October-about the dispute resolution mechanism for the new Silk Road initiatives proposed and led by China.

The new Silk Road project, which cover both the Silk Road Economic Belt and the 21st Century Maritime Silk Road, is called the Belt and Road Initiative.

This year, beginning with US President Donald Trump withdrawing the US from the 12-nation trade deal Trans-Pacific Partnership, the need is becoming more acute, Wang said, for China to work with other countries to structure their own free trade systems and related legal mechanisms."

Read further: 


Web-link: http://www.usa.chinadaily.com.cn/business/2017-02/21/content_28278440.htm
Language: English
Contact: Wang Qiao


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