To that end, it was taking the necessary steps to ensure that the foreign trade regime and national legislation were in line with the international legal requirements of WTO.

UNCITRAL Legislative Guide on Insolvency Law

UNCITRAL's role in matters of national trade law, which fell outside its mandate, was to provide legal advice and develop legislative models and guides, which States were free to utilize as they saw fit.

(e) In the area of insolvency, the UNCITRAL Model Law on Cross Border Insolvency and the UNCITRAL Legislative Guide on Insolvency Law

59 40. Legislative Guide on Insolvency Law of the United Nations Commission on International Trade Law

(b) in the area of dispute resolution, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958) (a United Nations convention adopted prior to the establishment of the Commission, but actively promoted by it), the UNCITRAL Arbitration Rules, the UNCITRAL Conciliation Rules, the UNCITRAL Model Law on International Commercial Arbitration and the UNCITRAL Notes on Organizing Arbitral Proceedings

Furthermore, the potential to define legal responsibilities of the various parties involved in the functioning of the Trade Point supports the establishment of an independent global entity, such as an International Federation, representing Trade Points.

Furthermore, the Fair Trade Commission was pursuing revision of the Fair Trade Act to extend its application.

15. Urgent consideration should also be given to the implementation of the Marrakesh agreements, within the framework of the World Trade Organization (WTO).

UNCITRAL continued to monitor the legislative implementation of the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention).

Also, UNCITRAL prepared the UNCITRAL Legislative Guide on Privately Financed Infrastructure Projects17 and the associated Model Legislative Provisions on Privately Financed Infrastructure Projects18 to assist countries in establishing a legal framework favourable to private investment in public infrastructure.

Variant A was based on article 7 of the UNCITRAL Model Law on Electronic Commerce, while variant B was based on article 6, paragraph 3, of the UNCITRAL Model Law on Electronic Signatures.

In addition to providing guidance as to the legal framework to be established by enacting States with respect to digital and other forms of electronic signatures, it was felt that it would be useful for UNCITRAL to focus its work on the question of criteria for recognition of certificates issued by foreign certification authorities.

2. Draft Guide to Enactment of the UNCITRAL Model Legislative Provisions on Cross Border Insolvency 23 24 7

2. Draft Guide to Enactment of the UNCITRAL Model Legislative Provisions on Cross Border Insolvency

(b) In the area of dispute resolution, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (a United Nations convention adopted prior to the establishment of the Commission, but actively promoted by it), the UNCITRAL Arbitration Rules, the UNCITRAL Conciliation Rules, the UNCITRAL Model Law on International Commercial Arbitration, the UNCITRAL Notes on Organizing Arbitral Proceedings, and the UNCITRAL Model Law on International Commercial Conciliation

The TrainForTrade Programme attaches importance to a regional approach to training.

Technical assistance is provided to States preparing legislation based on UNCITRAL legal texts.

On the contrary, OFDI is more likely to be undertaken for the purpose of accessing foreign technologies or building trade supporting infrastructures overseas.

Ministry of Foreign Trade

The Hague Conference collaborated closely with UNCITRAL in developing the chapter of the UNCITRAL Legislative Guide on Insolvency Law dealing with law applicable in insolvency proceedings.

Close cooperation has developed between the United Nations Commission on International Trade Law (UNCITRAL), the International Institute for the Unification of Private Law (UNIDROIT), and the Hague Conference on Private International Law.

For example, a comprehensive joint project of this kind, funded by the Government of Switzerland, is being conducted by ITC and UNCTAD (Trade Point, TRAINFORTRADE) with the Romanian Foreign Trade Centre, and similar interaction exists also in Lithuania and Latvia.

A CN.9 436 Draft Guide to Enactment of the UNCITRAL Model Legislative Provisions on Cross Border Insolvency

In addition to that, a number of other requirements may be contained in legislation such as labour or environmental law.

Recalling that the WTO is a sui generis organization established outside the United Nations system,

Draft resolution Legislative Guide on Insolvency Law of the United Nations commission on International Trade Law (A C.6 59 L.12)

A number of countries had established courts or separate sections of a court in family law, labour law, trade law and traffic law.

The problems of impunity (paragraph 135) and the arms trade (paragraph 143) are addressed.

For multilateral trade diplomacy training, cooperative links have been established with the World Trade Organization and the World Intellectual Property Organization, as well as with United Nations Conference on Trade and Development.

In addition, laws on domestic and external investment were promulgated on 27 May and are expected to encourage foreign direct investment in Timor Leste.

The Government had also established a free trade zone in 1998 to coordinate trade and investment for all States in the region, and had made the necessary efforts to modify regulatory laws and legislations to conform to international agreements and the World Trade Agreement.

122. At present there are no trade unions in companies within the Free Trade Zone, although there are no legal restrictions against the formation of trade unions there.

The Department of Foreign Affairs and Trade has participated in legal workshops with NGOs to explain their responsibilities under Australia's anti terrorist financing legislation.

The Minister for Foreign Affairs and Trade had attended the Bali Regional Ministerial Meeting on Counter Terrorism in February 2004 and New Zealand was participating in the ad hoc working groups on legal issues and law enforcement established by that meeting.

6. Ms. Mohamed (Kenya) said that in the three decades of its existence, UNCITRAL had had an impressive record of achievements in the unification and harmonization of international trade law.

Also, future regulatory legislation could follow the approach of the Telecommunications Act, which set out the interface between the FTC and the regulator.

Furthermore, the problem is linked to the illegal trade in small arms and light weapons.

58 76. Model Legislative Provisions on Privately Financed Infrastructure Projects of the United Nations Commission on International Trade Law

The Trade Point in Beijing had established an Internet page called Peking Business , while the one in Shanghai had introduced its own information management system and had set up its own database, which could become a model for the international Trade Point network.

It is now motivated to use OFDI in promoting exports, acquiring technology abroad, building trade supporting networks and gaining insider status in emerging trading blocs with the strategic objective of global competitiveness.

Furthermore, the Commission should secure its mandate on such important issues as integrating trade, environment and development trade in services improvement of trade preferences and identification of obstacles and barriers to trade.

In the South African constitutional context, consideration was being given to foreign legislation, particularly Australian legislation, which might serve as a basis for the drafting of South African legislation.

States that are in the process of revising or reforming their trade legislation may wish to contact the UNCITRAL secretariat in order to obtain technical assistance and advice.

It was encouraging to note that a growing number of Governments were enacting new national legislation or amending existing legislation with a view to combating arms traffic.