Negotiation method of dispute settlement in International trade

Feb 18, 2022

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In international trade, when drafting international contracts, the parties usually focus on the terms of payment and expense but little attention to terms of dispute settlement. Thus, the parties should be aware that the disagreements and disputes can arise at any time. Therefore, in the process of concluding an international economic agreement, the parties should note the provisions on the selection methods of dispute settlement if a dispute occurs. Currently, there are 4 dispute resolution methods in international trade as follows: negotiation, mediation, commercial arbitration

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Negotiation method of dispute settlement in International trade

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NEGOTIATION METHOD OF DISPUTE SETTLEMENT IN INTERNATIONAL TRADE
Negotiation is a settlement method which is usually applied in international dispute settlement.
The parties discuss together, struggle, compromise and agree to settle the dispute.
The result of the negotiation is that the dispute could be resolve or not.
The two parties directly meet each other to discuss and deal or one party submit complaint to the other party and the other party answers the complaint.
NEGOTIATIONMETHODOFDISPUTE SETTLEMENTININTERNATIONALTRADE
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