Decree details regulations on trade reconciliation

The trade reconciliation organization includes the trade reconciliation centers and the arbitration centers, according to Decree No. 22/2017/NĐ-CP on principles, policy, requirements, sequence and procedures for resolving disputes through trade reconciliation.

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The trade reconciliation centers have legal status and own stamp and credit and operate non-profit. They will have domestic and foreign branches and representative offices. The President of the trade reconciliation center is a trade reconciler.

Foreign trade reconciliation organizations operating in Viet Nam must respect and obey Viet Nam’s Constitution and regulations.

Foreign trade reconciliation organizations operate in Viet Nam in forms of branches and representative offices of the foreign trade reconciliation organizations.

(Source:VGP)