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Romania became a member of UNCITRAL for a six-year term

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On November 9, Romania became a member of the United Nations Commission on International Trade Law (UNCITRAL) for a six-year term, 2016-2022, the Romanian Foreign Affairs Ministry (MAE) reports in a press statement. 

MAE says the most important items on the UNCITRAL agenda are revision of notes for arbitration rules, reducing legal obstacles for small and medium-sized enterprises, online dispute resolution, regulating the recording of online transactions, facilitating cross-border insolvency for multinational companies and a model law for regulating securities. 

Also elected UNCITRAL members at the same time with Romania were Belarus, the Czech Republic, Poland, Austria, Italy, Israel, the US, Turkey, Australia, Spain, Lebanon, Iran, Thailand, India, Pakistan, the Philippines, Mauritius, Argentine, Brazil, Chile, Columbia and Venezuela. 

The United Nations Commission on International Trade Law (UNCITRAL) was established by the United Nations General Assembly by its Resolution 2205 (XXI) of 17 December 1966 "to promote the progressive harmonization and unification of international trade law". 

The work of the United Nations Commission on International Trade Law is conducted in six working groups: Working Group I: Micro, Small and Medium-sized Enterprises; Working Group II: Arbitration and Conciliation; Working Group III: Online Dispute Resolution; Working Group IV: Electronic Commerce; Working Group V: Insolvency Law as well as Working Group VI: Security Interests, says MAE. 

MAE reports that Romania was twice a member of UNCITRAL, in 1968-1974 and 1998-2004.



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