The first panel considered “the Convergence and Diversification of The International Trade and Investment Regimes” and was moderated by Board Member of the Foundation for Law and International Affairs Flora Sapio. Yanmei Lin (Associate Professor, Vermont Law School) & Sheng Sun (Vermont Law School) presented paper “Nation State in International Environmental Governance: a Chinese Perspective in the Context of Regulating International Trade of Illegal Timber Products.” Oluwaseun Ajayi (Attorney, U.S. Department of Education) presented “The Panama Convention on Recognition of Arbitral Awards.” Armstrong Chen (Partner, King & Wood Mallesons) presented “On Interim Measure of China (Shanghai) Pilot Free Trade Zone Arbitration Rules (English Version) and An Analysis of the Development of Cross-border Dispute Resolution in China’s Bankruptcy Laws and Regulations.” Feng Li (Lecturer, China Foreign Affairs University) presented “Research on FDI Regulation Framework at the Background of “OBOR” Implementation” at this panel.
The panel pointed to certain contradictions at the heart of the construction of global trading orders. On the one hand the need to facilitate global production chains, bringing together all of the elements necessary for the exploitation of resources and labor, and the need to ensure sustainability for the long-term value creation of these production chains, militate in favor of convergence and coordinated linkages. On the other hand, the specific national context and stages of historical development of states situated in different portions of those production chains pull toward diversification. At its most advanced, these forces of diversification produce either fracture within states (as the domestic economy splits between a globalized and a localized sector) and between them. It was in this context that one could consider national perspectives in the trade of illegal timber products, the recognition of arbitral awards, anti-dumping duties on international trade, embedding of free trade zone arbitration rules and cross border bankruptcy and FDI regulatory frameworks as background for China’s One Belt One Road implementation.