2017 | Enero 26
The China-Africa Joint Arbitration Centre (CAJAC) was established in August 2015 to address resolution of commercial disputes between Chinese and African parties.
The Beijing Consensus, calling for a joint dispute resolution framework to be developed between China and Africa, was signed in June 2015 by a wide range of Chinese trade commissions, arbitral bodies and universities, as well as delegates from Africa. It was followed by the signing of a similar consensus in Johannesburg in August 2015, resulting in the establishment of CAJAC.
The reasons for the creation of CAJAC are many. China is one of the largest sources of investment into Africa and one of South Africa’s largest trading partners. Due to the increasing trade and investment cooperation between China and African countries, including South Africa, there has been a growing need for a neutral and cost-effective mechanism for resolving commercial disputes between African and Chinese parties.