Wang Shumei, a standing member of the Adjudication Committee of the Supreme People's Court of China, has called for continuously deepening international judicial exchanges and cooperation to promote fair and efficient resolution of cross-border commercial disputes.

Wang made the remarks during a thematic discussion on "Diversified Resolution Mechanisms for Cross-border Commercial Disputes" on Sept 24 at the Meeting of Presidents of Supreme Courts of China and Central Asian Countries in Urumqi, capital city of Northwest China's Xinjiang Uygur autonomous region.

Wang presented the "Chinese experience" in building and improving a diversified resolution mechanism for cross-border commercial disputes. She emphasized the significance of impartial and efficient resolution of cross-border commercial disputes in equally protecting the legitimate rights and interests of parties from various countries in line with the law, as well as in promoting international economic and trade cooperation.

In recent years, Chinese courts have continuously enhanced innovative mechanisms for handling foreign-related commercial disputes, creating "Chinese experimental fields" for resolving cross-border commercial disputes and constantly improving the quality and efficiency of judgments, she said.

In doing so, Chinese courts have established a mediation mechanism that spans the entire dispute resolution process and effectively utilized mediation to resolve cross-border commercial disputes, thus developing a unique approach with Chinese characteristics to diversified resolution of disputes, she added.

Wang highlighted the efforts of Chinese courts in creating an arbitration-friendly judicial environment to promote the unified standards of judicial review for arbitration and ensure the accurate application of the New York Convention, which, she said, contribute to the high-quality development of international commercial arbitration.

Chinese courts are committed to deepening international judicial exchanges and cooperation, based on the principles of extensive consultation, joint contribution and shared benefits, she said. Efforts have been made to continuously strengthen the institutional development of international judicial assistance and foster "international consensus" on diversified resolution of cross-border commercial disputes, she added. 

Wang said the Chinese side is willing to work with Central Asian counterparts to enhance mutual understanding through mechanisms for case study exchanges, exchanges on application of the law and cooperation on identification of extraterritorial law, in order to provide institutional guarantees for the fair and efficient resolution of complex cross-border commercial disputes and inject strong momentum into the building of a closer China-Central Asia community with a shared future.