Under the agreement, SCMA and CMAC will work together to promote Singapore and China as two important seats of maritime arbitration through joint conferences and programmes.
The collaboration will also see SCMA and CMAC work together to promote SCMA and CMAC arbitration as an effective means of resolving maritime disputes. Both institutions will recommend qualified candidates to be considered for empanelment in each other institution’s panel of arbitrators.
Dr Chen Bo, deputy secretary-general of CMAC, said: “We look forward to working together with SCMA to achieve the deliverables contained in this MOU and explore new areas of co-operation in our effort to provide efficient and high-quality arbitral services to Belt and Road Initiative countries in the context of a rising Asia.”
Goh Joon Seng, chairman of SCMA, commented: “Our first memorandum of understanding with CMAC was signed in 2009 when our respective institutions were under the management of SIAC and CIETC respectively. This MOU reaffirms the bond of friendship between our institutions, and we look forward to working together with CMAC to promote maritime arbitration in Singapore, China, and along the Belt and Road economies.”
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