Ghana Elected Vice Chair of UNCITRAL
The Republic of Ghana has been elected as
the Vice Chairman of the United Nations Commission on International
Trade Law (UNCITRAL) for 2020- 2021 during its 53rd Session held on
6th July in New York, USA.
UNCITRAL is the core legal body of the
United Nations system in the field of International Trade Law. A legal
body with universal membership
specializing in commercial law reform worldwide for over 50 years, UNCITRAL’s
business is the modernization and harmonization of rules on international
business.
UNCITRAL has been active in negotiating and
producing texts including conventions, model laws and legislative guides in a
range of subject areas. There are currently
six Intergovernmental Working Groups within UNCITRAL negotiating texts in the
following areas: Micro, Small and Medium-sized Enterprises; Arbitration and
Conciliation;
Investor-State Dispute Settlement Reform; Electronic Commerce; Insolvency Law;
and Judicial Sales. UNCITRAL seeks to create a harmonized and efficient system
of international trade law, as the necessary framework for the safe and stable
development of trade and investment.
A source close to Hon. Alan Kyerematen, the
Minister for Trade and Industry indicated that the Government of Ghana has been
working with colleague member states within the Trade and Investment ecosystem
across
the world to promote international trade particularly intra African trade. Ghana
will therefore use its one-year mandate to boost productive capacity and
promote intra African trade and investments as countries seek to implement Post
COVID economic recovery programmes and interventions.
Prof. Paul Kuruk, an International Trade
Law Expert and the Deputy Chairman of the Ghana International Trade Commission
(GITC) will represent Ghana as the Vice Chair of UNCITRAL.
