Beijing, 11 September 2021 (TDI): Centre for International Investment and Commercial Arbitration (CIICA) of Pakistan and the Guangzhou Arbitration Commission of China have signed a memorandum.
The two sides have signed this agreement for the promotion of cooperation in the sector of international arbitration. CIICA Pakistan is an independent organization that works for capacity building in the areas of international arbitration. Under this signed settlement, the two countries will work together for new developments regarding online dispute systems, will jointly address the increasing number of transnational disputes and will also offer international arbitration systems.
This new agreement will also focus on mutual cooperation to promote online arbitration with the addition of sharing information.