Vice-minister of justice stresses importance of commercial mediation to business environment

Liu Zhenyu, vice-minister of justice, stressed the importance of commercial mediation in the building of a sound business environment during his speech at the International Mediation Summit 2019 held on Southwest China's Chongqing on Oct 17.

The International Mediation Summit 2019 is held in Chongqing on Oct 17. [Photo/moj.gov.cn]

Liu pointed out that with the continued advancement in the building of the Belt and Road, the Guangdong-Hong Kong-Macao Greater Bay Area and pilot free trade zones, commercial disputes over economic and trade cooperation, investment and intellectual property are on the rise, requiring improved commercial mediation, especially in international disputes, in order to create a sound business environment.

Liu Zhenyu, vice-minister of justice, addresses the summit. [Photo/moj.gov.cn]

Liu said that commercial mediation agencies must strengthen their collaboration with other government agencies, build commercial mediation organizations and teams of professional mediators, and carry out international communication on commercial mediation.