The Republic of Ghana has been elected as the Vice Chairman of the United Nations Commission on International Trade Law (UNCITRAL) for 2020-2021 during its 53rd Session held on 6th July in New York, USA. Ghana is represented by Hon. Alan Kwadwo Kyerematen, the Minister of Trade and Industry.
UNCITRAL is the core legal body of the United Nations system in the field of International Trade Law. A legal body with universal membership specializing in commercial law reform worldwide for over 50 years, UNCITRAL’s business is the modernization and harmonization of rules on international business.
UNCITRAL has been active in negotiating and producing texts including conventions, model laws and legislative guides in a range of subject areas. There are currently six Intergovernmental Working Groups within the institution negotiating texts in the following areas: Micro, Small and Medium-sized Enterprises; Arbitration and Conciliation; Investor-State Dispute Settlement Reform; Electronic Commerce; Insolvency Law; and Judicial Sales. UNCITRAL seeks to create a harmonized and efficient system of international trade law, as the necessary framework for the safe and stable development of trade and investment.