(Adopted at the 215th Executive Meeting of the Government Administration Council on May 6, 1954)
颁布日期:19540506 实施日期:19540506 颁布单位:国务院、 政务院
With a view to settling by way of arbitration disputes that may arise in the conduct of foreign trade, it is necessary to set up an arbitral body within a social organization relating to foreign trade. It is hereby decided as follows:
1. There shall be established, within the China Council for the Promotion of International Trade, a Foreign Trade Arbitration Commission (hereinafter referred to as the Arbitration Commission) to settle disputes that may arise in contracts and transactions in foreign trade, particularly those between foreign firms, companies or other economic organizations on the one hand and Chinese firms, companies or other economic organizations on the other. [*1]
2. The Arbitration Commission shall take cognizance of disputes in foreign trade on the basis of the relevant contracts, agreements and/or other documents concluded between the disputing parties.
3. The Arbitration Commission shall be composed of 15 to 21 members to be selected and appointed by the China Council for the Promotion of International Trade for a term of one year from among persons having the required expertise and experience in foreign trade, commerce, industry, agriculture, transportation, insurance and other related fields as well as in law.
4. The Arbitration Commission sha
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