11 ASIAN LEGAL BUSINESS – JUNE 2023 WWW.LEGALBUSINESSONLINE.COM arbitration. In order to further enhance the international credibility of arbitration, he proposed to promote the development of arbitration from the perspective of national and global governance. Promote arbitration towards more professional development by relying on the construction of international commercial courts, actively facilitate the integration and development of commercial dispute resolution mechanisms, provide Chinese solutions and contribute Chinese wisdom to the continuous optimization of the business environment and the fair, efficient, convenient and economic resolution of international commercial disputes. (Left) Zhang Shuming, Deputy Chief Judge of the Fourth Civil Division of the SPC, delivering the keynote speech; (Right) Gu Yan, Vice President of CIETAC Arbitration Court, moderating the opening ceremony The signing ceremony of the cooperation agreements between CIETAC and Madrid International Arbitration Center/Chilean Chinese Chamber of Commerce, Industry and Tourism (CHICIT)was held on the Forum. Wang Chengjie, Vice Chairman and Secretary General of CIETAC, José María Alonso, Chairperson of CIAM and Gustavo Cuevas, representative of CHICIT signed on behalf of the institution respectively. All sides reached the consensus to use the cooperation agreement as a blueprint to further promote in-depth cooperation in the field of dispute resolution in the future, thereby contributing to the development of the rule of law in China and Hispanic countries. (Left) CIETAC and CIAM signing the cooperation agreement; (Right) CIETAC and Chilean Chinese Chamber of Commerce, Industry and Tourism signing the cooperation agreement Arbitration Center of Mexico, Arbitration and Mediation Center of the Costa Rica Bar Association, Brazilian Center for Mediation and Arbitration, Center for Commercial Mediation and Arbitration of the Chamber of Commerce of Argentina (CEMARC), Centre of Arbitration and Conciliation of the Bogotá Chamber of Commerce, Chamber of Conciliation, Mediation and Arbitration Ciesp/Fiesp, Chilean Chinese Chamber of Commerce, Industry and Tourism, CIAM, National and International Arbitration Center of the Lima Chamber of Commerce, Santiago Arbitration and Mediation Centre supported the Forum as international partners, and look forward to strengthening the communication and cooperation with CIETAC in the future and jointly contributing to the building of a China-Latin America commercial dispute resolution community. “Opportunities and Developments for China-Latin America Arbitration in the New Era” is the theme of the Forum. Over 10 Chinese and foreign experts gave presentations on “Communication: Dispute Resolution Systems in China and Latin America” and held a roundtable discussion on “Cooperation: Arbitration and the Development of Trade and Economy in China and Latin America”, concentrating on the cutting-edge issues in the field of dispute resolution in China and Latin America, exploring the direction of future development of cross-border dispute resolution in China and Latin America, discussing and exchanging views on the relevant rule of law practices. The presentation of Session I was moderated by Zhao Jian, Senior Counsel of Zhong Lun Law Firm and CIETAC Arbitrator. Speakers were invited to make comparison between dispute resolution systems in China and Latin American countries, and discuss the recognition and enforcement of arbitral awards in China and Latin American countries, as well as the cooperation among arbitration institutions of China and Spanish-speaking countries in the context of the “Belt and Road” Initiative and other topics. The discussion of Session II was moderated by Liao Fan, Deputy Director-General at the Bureau of International Cooperation, Chinese Academy of Social Sciences (CASS) and CIETAC Arbitrator. Speakers were invited to share and exchange views on the role of arbitration in promoting economic and trade development in China and Latin America, how enterprises can regulate the use of dispute resolution clauses to prevent legal risks, and the benefits of the friendly economic development of China and Latin America for a multi-dispute resolution mechanism and other perspectives. At the end of the Forum, Wang Chengjie, Vice Chairman and Secretary General of CIETAC, said in the closing remark that the development of international commercial arbitration is encountering new changes and challenges. It is necessary to further strengthen international communication and cooperation on dispute resolution. The Forum is a critical point. CIETAC looks forward to establishing partnerships with more Latin American arbitration institutions, promoting the innovation and development of the international dispute resolution system, and playing a more significant role in maintaining the international economic and trade order and the reform of the global governance system. The participants congratulated on the success of the Forum. They commented that the Forum promoted the communication and cooperation between China and Latin America dispute resolution institutions, which would facilitate the construction of a market-oriented, rule of law and internationalized business environment in China and Latin America. The Forum was live broadcasted through Sina Finance and Beijing Time, attracting 120,000 viewers from 15 countries (mainly of Latin American countries) around the world, watched the event through the live. Representatives of relevant government departments, judges, arbitrators, scholars, lawyers, company legal counsels and more than 140 media reporters attended the event on site.