China-Related Contracts What to Consider - When Agreeing on CIETAC Arbitration

Austrian Arbitration Yearbook 2009
2009, March 3

China’s  economy is booming – and, as the western world is actively participating in this growth, so is the number of disputes between Chinese and non-Chinese parties. The European Union, after its last rounds of enlargement, has become China’s most important trade partner. In 2007, Austrian exports to China reached an all-time high of 1.64 billion EUR, with 2008 forecasts predicting new record levels. The persistently strong Sino-German trade ties have made Germany number six among China’s trade partners in the world, and number one within the EU.

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