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Statement by Chinese Deletgate Ms. Yang Yuya At the Sixth Committee of the Sixty-fifth Session of the UN General Assembly On "Report of the United Nations Commission on International Trade Law on the Work of its Forty-third Session"

2010/10/11
 

Madame Chairperson,

The Chinese government always attaches great importance to the work of UNCITRAL. China has fully participated in the drafting of legal documents in its various working groups and often uses the relevant UNCITRAL’s model laws and legislative guides for reference in its domestic legislative work . China has also made great efforts to raise public awareness of the achievements of UNCITRAL at home.

Madame Chairperson,

The current UNCITRAL annual session deliberated and adopted the revised version of the UNCITRAL Arbitration Rules, the draft supplement to the UNCITRAL Legislative Guide on Secured Transactions dealing with security rights in intellectual property and part three of the UNCITRAL Legislative Guide on Insolvency Law on the Treatment of Enterprise Groups in Insolvency. The Chinese delegation believes that the revision of the Arbitration Rules has reflected the changes over the past 30 years in international commercial arbitration practice, thus enhancing the applicability of the Rules and contributing to improving the efficiency of arbitration processes. Further more, the formulation of the afore-mentioned legislative documents will help to coordinate and unify countries’ national laws on international trade, thus contributing to the development of international trade. The Chinese delegation is satisfied with the results of the session and commends the UNCITRAL Secretariat for its quality work.

In view of the progress and practical needs of its working groups, the current session of UNCITRAL designated some new agenda items for the working groups on government procurement, insolvency law and security rights respectively. In addition, it has established a new working group to deal with online disputes resolution. The above-mentioned working groups and their new agenda items have represented current issues in the international trade area for which unification and coordination are very much needed among countries and regions. The fact that numerous experts and scholars in their capacity as national and regional representatives are engaged in in-depth studies of these subjects attests to the forward-looking approach of UNCITRAL as well as its authority and importance. It is the hope of the Chinese delegation that UNCITRAL will continue to conduct in-depth studies of new subjects and, through its productive work, further promote the unification of legal rules governing global trade.

Madame Chairperson,

The Chinese government will, as always, pay great attention to and take an active part in the work of the UNCITRAL and, together with other member states, endeavor to contribute to the unification of the rules of the international trade law and the development of international trade.

Thank you, Madame Chairperson.

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