US President, Trump is not impressed. But many other countries are sure, that it is better, commercial conflicts as to firing you yet. A set of rules could help.
There is a trade dispute between the United States and China prevails, some even talk of a trade war, but what is felt is commonly as martial: Finally, tariffs are no bombs. But nevertheless, the realization that international steps must be taken to grow against this kind of conflict. Therefore, 46 States now support – at least – a UN agreement on the solution of commercial conflicts. The so-called Singapore Convention was signed in the Southeast Asian city-state. Interesting: the United States and The people’s Republic are the Only signatories. The European Union (EU) must decide whether or not you join in as a Whole, or whether member countries individually to sign.
Mediation is faster and costs less
The aim of the agreement of the United Nations, it is to settle cross-border disputes in the future, frequently through mediation, i.e. Mediation. This is usually faster and costs less than time-consuming processes or arbitration. So far, however, this was legally difficult to enforce. This is to be with the help of the Convention easier. Experts doubt, however, whether this succeeds.
The Orchid garden of Singapore
The UN Deputy Secretary-General Stephen Mathias praised the agreement as a “landmark Convention” for the peaceful settlement of disputes. Singapore’s Prime Minister Lee Hsien Loong said: “multilateralism is under pressure. But the solution is not to make him better, to give him up.”
The signing of the “Aranda Singapore Convention on Mediation, was named in Singapore is also an Orchid in accordance with the contract”. The Orchid is the national flower of the country. In the Botanical garden there are a variety of orchids that are named after foreign state guests were here to visit. Among other things, there is also the “Angela Merkel” and the “Frank-Walter Steinmeier”. Here’s a rather silent.
ml/sti (dpa, rtr)