Saturday Dec 28, 2024
Saturday Dec 28, 2024
Saturday, 23 November 2024 00:55 - - {{hitsCtrl.values.hits}}
Sri Lanka is among 31 members elected to the United Nations Commission on International Trade Law (UNCITRAL) by the UN General Assembly on 20 November 2024.
Sri Lanka contested for a seat from the Asia Pacific Group, and secured 177 votes. This was the second highest number of votes within the group, and second highest overall among the 31 members elected.
Other member States elected from the Asia Pacific Group to the UNCITRAL are Malaysia, The Philippines, Singapore, Viet Nam, China, Japan and Republic of Korea.
Sri Lanka will serve a six year term, commencing in January 2025.
UNCITRAL, established in 1966 and headquartered in Vienna, is the core legal body in the field of international trade. Its mandate includes removing obstacles to trade and harmonising trade laws.
UNCITRAL also provides technical assistance to member States. Sri Lanka’s legislation for the facilitation of trade and investment such as the Sri Lanka Arbitration Act and the Electronic Transaction Act have benefitted from model laws by UNCITRAL.
Sri Lanka has previously served as a Member of UNCITRAL from 2004 – 2007, and 2016 – 2022.
