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GIAC Meets with Shanghai International Arbitration Centre in Shanghai

The Secretary General of the Georgian International Arbitration Centre (GIAC) held a meeting in Shanghai with representatives of the Shanghai International Arbitration Center (SHIAC).

The meeting took place as part of the meetings held between the President of the Georgian Chamber of Commerce and Industry and representatives of the China Council for the Promotion of International Trade (CCPIT).

The parties discussed opportunities for future cooperation between GIAC and SHIAC. They also emphasized the importance of arbitration and mediation in developing trade and business relations between Georgia and China.

The parties highlighted the need for safe, efficient and predictable dispute resolution mechanisms for businesses. This is particularly important given the growing commercial relations between Georgia and China.

The meeting also covered specific areas of cooperation. These included developing dispute resolution mechanisms and contractual clauses suited to Georgian and Chinese companies, and providing mutual technical support in the field of dispute resolution.

The parties agreed to continue working to identify specific areas of cooperation and to prepare and sign the relevant agreements.

For GIAC, closer cooperation with international arbitral institutions is an important step. It reinforces Georgia’s position within international professional and institutional networks and expands access to effective dispute resolution mechanisms for Georgian and international businesses.