Friday, 22 November 2024

PH elected at UNICITRAL for six-year term

PH wins seat at UN trade panel

Bernadette E. Tamayo 
Manila Times
 22 November 2024

The Philippines won a seat at the United Nations Commission on International Trade Law (UNCITRAL), which underscored the country's dedication to contributing to the development of international trade law.

The Philippines' six-year term will begin on July 7, 2025, along with 30 other elected members of UNCITRAL.

The UNCITRAL is the core legal body of the UN system in the field of international trade law, the Department of Foreign Affairs (DFA) said.

"Our election to the UNCitral manifests our commitment to the rules-based international economic order," said Ambassador Antonio Lagdameo, the Philippine permanent representative to the UN in New York.


The DFA, in a statement posted on X (formerly Twitter) said the election of the Philippines showed its "dedication to fostering inclusion and collaboration among Member States, while articulating the distinct views of developing countries."

The body is mandated to "remove legal obstacles to international trade by progressively modernizing and harmonizing trade law," the DFA said.

It prepares legal texts in a number of key areas such as international commercial dispute settlement, electronic commerce, insolvency, international payments, sale of goods, transport law, procurement and infrastructure development.

As an observer in the current term, including in the 57th UNCITRAL Annual Session held in New York from June 24 to July 12 this year, the Philippines demonstrated its commitment to advancing the mandate of UNCITRAL through its active engagement in the session meetings, the DFA said.

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