BEIJING, July 8 (Xinhua) -- The Beijing Retio Legal and Commercial Service Center for Belt and Road Initiative, also named the International Commercial Mediation Center for the Belt and Road (BNRMC), has established their Almaty Office in Kazakhstan recently.
BNRMC signed an agreement on mutual assistance and cooperation in the field of arbitration and mediation with the IUS International Arbitration Center.
According to the agreement, IUS international arbitration center will give priority to the BNRMC for mediation and settlement of China-related cases submitted for arbitration in the IUS international arbitration center, and the two sides will jointly recommend suitable experts, arbitrators and mediators to resolve economic disputes.
Wang Kewen, deputy secretary-general of China Overseas Development Association, attended the ceremony and said the move will help to form a convenient, fast and low-cost international commercial dispute resolution center and provide high-quality and efficient legal services for Belt and Road construction.
(Edited by Bao Nuomin, baonuomin@xinhua.org)
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