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Cooperation Agreement between KCAB and SHIAC

Cooperation Agreement between KCAB and SHIAC 

 

 

On the date of December 8th, 2014, Mr. Dai-soo Kweon, the President of Korean Commercial Arbitration Board, and Mr. Yang Jianrong, the Chairman of Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center) signed an official Cooperation Agreement on behalf of respective institution.  Both KCAB and SHIAC agree that the establishment of Korea-China Free Trade Zone will promote sustainable economic growth and achieve mutual prosperity of two States. Moreover, the application of commercial arbitration through impartial and expeditious procedures will build confidence and stability to international transactions.  The two institutes will cooperate closely and jointly promote arbitration industry in the region of Asia-Pacific in respect of the arbitration academic research, share of information, recommendation of experts and other aspects.

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