Research On The System Of China Arbitration Law

As an old way to solve the dispute among the people, arbitration is recorded in ancient Greek era. But arbitration system get unprecedented developed after the human society enters the 20th century. The arbitration system of our country starts in the early days of country foundation. After it developed more than 50 years, arbitration has already become an important component of the judicial system of our country. However, according to the present state of our country, arbitration is not enough ripe and complete. Arbitration law demands to be modified urgently. Today, our country joins WTO and world commerce liberalizes progressively. Each country opens further, Legislation and the administration of justice melt transparently one after another. Relevant trade laws are convergent further too. All these will make the quantity of our country arbitration to be increased sharply. At the same time, arbitration serve have to be opened to the outside world after entering the WTO. The foreign arbitration organization may come to arbitrate in our country too, even founding arbitration organization in our country. In this case, our country must make the corresponding change to contend with it. It is necessary to develop the arbitration system of our country.Arbitration system is the indispensable system of economic development. Arbitration is very important for the development of economy, which can be found out from the degree of attention of the countries all over the world. The arbitration system of our country went through four stages. It makes a great of achievements. But there are also some problems in arbitration organization, arbitration agreement, arbitration procedure and arbitration supervisal. The arbitration system of our country will improve after settling such problems well.