The Promotion and Development of International Commercial Arbitration Between Private Parties Through Free Trade Agreements — The Way Forward for Taiwan

Contemporary Asia Arbitration Journal, Vol. 9, No. 1, pp. 33-52, May 2016

20 Pages Posted: 7 Jun 2016

Date Written: May 31, 2016

Abstract

FTAs and international commercial arbitration both aim to encourage and facilitate international trade and transactions. FTAs are therefore a fitting vehicle to promote and develop international commercial arbitration. As seen in Article 2022 of the North American Free Trade Agreement and similar FTAs, there seems to be a growing trend for FTAs to include provisions to encourage and facilitate the use of arbitration for the settlement of international commercial disputes between private parties.

The author is of the view that Taiwan would benefit a great deal from promoting and developing international commercial arbitration through its FTAs, and that this would be in line with its recent initiatives and reforms to transform itself into a dispute resolution hub similar to Hong Kong and Singapore. Going forward, Taiwan can perhaps go further in its FTAs with regard to the Parties’ obligations.

Keywords: FTA, NAFTA, Advisory Committee, Commercial Arbitration

Suggested Citation

Lo, Alex, The Promotion and Development of International Commercial Arbitration Between Private Parties Through Free Trade Agreements — The Way Forward for Taiwan (May 31, 2016). Contemporary Asia Arbitration Journal, Vol. 9, No. 1, pp. 33-52, May 2016, Available at SSRN: https://ssrn.com/abstract=2790569

Alex Lo (Contact Author)

Hofstra University ( email )

Hempstead, NY 11549
United States

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