Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Alexey Khersontsev: the international trade law should meet the new challenges
25 September 2020 8:25

As a result of the implementation of the Russian initiative, solutions can be created that will be used in international trade in times of emergency. This was stated by State Secretary-Deputy Minister of economic development of the Russian Federation Alexey Khersontsev in the context of the second part of the 53rd session of the UN Commission on International Trade Law UNISTRAL, held from September 14 to 18. "COVID-19 has had a significant impact on international trade, and now the main task is to ensure that international trade law meets new challenges in trade and contributes to its simplification," the Deputy Head of the Department stressed.

The Russian delegation was chaired by the Ministry of Economic Development. It included representatives of State legal administration of the President of the Russian Federation, the Government of the Russian Federation, the Ministry of Foreign Affairs and the Ministry of Justice.  
 
The Commission approved the reports of all 6 UNCITRAL working groups;  considered the development of railway waybills; identified the need to continue working in the field of legal regulation of the digital economy in a number of areas (artificial intelligence, smart contracts, data block distribution technologies, digital assets; online platforms; data operations, etc.; and supported the need for further work by UNCITRAL in the field of warehouse receipts, on civil aspects of asset tracking and recovery.
 
The delegation of the Russian Federation presented the position paper previously submitted to UNCITRAL on 30 August 2020. (A/CN.9/1039). The Governments of Armenia and Vietnam announced that they will join the initiative of the Russian Federation as co-authors.
 
The delegation of the Russian Federation was able to insist that the Secretariat would take into account the impact of emergencies on international trade law and submit a report to the next session of the Commission. For their part, they expressed their readiness to support the Secretariat (if necessary) in the preparation of such a report.
 
The Commission also considered increasing the number of state members of UNCITRAL to 72 and adopted a draft resolution proposed by the delegation of Japan, according to which the issue of increasing the number of state members of UNCITRAL would be inclusive and transparent, and the decision would be taken by consensus.

Дата публикации: September 25, 2020
Ссылка: https://en.economy.gov.ru/material/news/alexey_khersontsev_the_international_trade_law_should_meet_the_new_challenges.html
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