EXCHANGE Volume 03, No. 1, 2025, pp. 51-63

Lingna HUANG

The Role of the International Court of Arbitration in Resolving Trade Disputes

Abstract: In recent years, with the implementation of the concept of international commercial arbitration and the increase of international trade disputes, international arbitration courts have become an effective way to resolve disputes. This paper explores the importance and function of the International Court of Arbitration and its role in handling international disputes and promoting the development of international law. The dissertation is divided into the following five parts: Chapter 1 presents the creation and background of the International Court of Arbitration and the basis of arbitration agreements and their validity. Chapter 2 analyzes the mechanisms of the dispute resolution process, including procedural fairness, flexibility, and legal binding and enforceability. Chapter 3 discusses the impact of the International Court of Arbitration on international trade relations, including the expeditiousness and efficiency of dispute resolution, the consistency and transparency of rules, respect for pluralistic legal systems, the improvement of investment climate and business confidence, and the strengthening of the principle of the rule of law. Chapter IV highlights the effectiveness of the ICA in providing fair and enforceable solutions, including independence and impartiality, professionalism, and enforcement and international collaboration. Chapter 5 discusses the impact of the International Court of Arbitration on international trade relations, including the expeditiousness and efficiency of dispute resolution, consistency of rules and transparency. This paper will provide a legal analysis of the role of the International Court of Arbitration in the settlement of trade disputes in light of practical cases.

Keywords: arbitration rules, arbitration institution, International Commercial Arbitration.