China’s Ministry of Foreign Affairs and law society called on countries involved in the Belt and Road initiative (BRI) to improve international rules-based systems and establish dispute settlement mechanisms to fairly protect the rights of all parties, according to a statement from a forum on BRI legal cooperation.
Legal cooperation, which is indispensable to international cooperation under the BRI, should be developed on the basis of “extensive consultations, joint contributions and shared benefits,” according to a statement released on Tuesday.
The parties participating in the BRI are encouraged to promote laws to enhance cooperation related to financing, taxation, transportation, intellectual property rights, labor and counter-terrorism.
The statement also proposed the establishment of treaty-based mechanisms or institutions to prevent and resolve disputes and to strengthen mutual recognition and enforcement of judgments in civil and commercial matters, and establish an online platform that provides information on foreign laws and judicial cases.
Kong Xuanyou, vice minister of Foreign Affairs of China, and Chen Jiping, executive vice-president of China Law Society, are co-chairs of the forum.
Government officials and experts attending the forum said that dispute settlement mechanisms and results under the BRI should be transparent and fair to all countries.
Han Kok Juan, deputy secretary of Singapore’s Ministry of Law, said at the forum that the…