ACT and ARTRI promote arbitration in the world`s financial capital

Representatives of the US and world leading organizations and institutions in the field of international relations, diplomacy, finance, international trade, transport, logistics and science participated in the first international meeting of the Global Partnership for Sustainable Transport (GPST) with a focus to «Development of Uniform Transport Guidelines», which has been organized by the prestigious American Harvard University club.

GPST members from Romania - Romanian Association of International Road Transport (ARTRI) and Arbitration Court for Transport (АСТ) under ARTRI, represented by the ACT Chairman of the Board Cristian Serban and ARTRI Deputy Secretary General Daniel Mazilu, - pointed to the demand in specialized arbitration at a global level as a best instrument to reboot the transport industry and business community in transport and related sectors.

During the meeting the ARTRI projects were presented as well as their development stages at both local and international levels; the importance of Romania`s attendance to the new Silk Road was emphasized; the international specialized arbitration network expansion under egad of the Global Partnership for Sustainable Transport s was designated.

The ACT Chairman of the Board advised the participants of the meeting on the international list of specialized arbitrators formed by the ACT, described the undisputable advantages of this institution and also underlined the system-forming role of the International Arbitration Court for Transport (АСТ) under ARTRI within the project of establishment of a global network of professional specialized arbitration institutions jointly with current and future partners.

In course of discussions on the uniform transport guidelines implementation, delegates from Romania highlighted the inextricable connection between the specialized arbitration and such guidelines. Therefore the proposal by the Head of the IRU Permanent Delegation with the UN Igor Rounov in regard to arbitration integration into a list of the Global Partnership in the interests of the sustainable transport development was accepted unanimously with the support of all present.

In conclusion, the first international GPST meeting, which took place in the financial capital of the world, proved once more the importance of ARTRI and ACT activity towards the specialized arbitration development for transport and related fields at a broad international platform.