Conference Book

This conference book contains the (i) agenda; (ii) background paper; (iii) opening speeches; (iv) keynote address; (v) bios of all opening and keynote speakers, moderators and panel speakers; (vi) presentation summaries; (vii) list of delegates and observers; (viii) information about the conference secretariat; and (ix) photos of the conference.

Economics of International Arbitration

Lastly, Prof. Dr. Jordi Paniagua, professor of economics at the University of Valencia, explained how international economic flows follow the gravity equation. FDI and trade increase with economic activity (meaning more producers and consumers) and decrease with certain frictions, comprising both natural frictions, such as distance and cultural and linguistic links, and man-made frictions, which include the contractual and institutional environment.

Promoting Confidence in International Business through Building on the Rule of Law

Mr. David Tonkin, chief counsel for legal, procurement and fraud at the Australian Trade and Investment Commission (Austrade), briefed the participants about the economic challenges faced by the Pacific region owing to inefficient and burdensome regulation, ineffective contract enforcement, corruption, limited access to finance, and inadequate access to insurance and risk mitigation products.

Second South Pacific International Arbitration Conference: Enhancing the Rule of Law & Increasing Business Confidence in a Globalized Economy

To raise awareness and discuss the positive development impact of international arbitration reform in the South Pacific, the Government of Papua New Guinea, in conjunction with ADB, UNCITRAL Regional Centre for Asia and the Pacific and other development partners and arbitral institutions, hosted the Second South Pacific International Arbitration Conference (the “Conference”).

FDI Promotion and Arbitration

Prof. Dr. Paniagua discussed the effects of international arbitration reform on a country’s foreign direct investment (FDI) and trade. He said that international commercial arbitration is a system of private commercial law that enables firms to more effectively enforce contracts by allowing them to avoid inefficiencies that arise from domestic courts. As a result, access to international arbitration should foster FDI.

Jordi Paniagua

Prof. Dr. Jordi Paniagua is a professor of economics at the University of Valencia, Department of Applied Economics II. He has an academic and applied specialization in Foreign Direct Investment (FDI) and online networking. In his academic career, he has published papers in leading academic journals in the field of international economics and business. He has worked as telecommunications engineer in multinational enterprises and served in the public administration in the area of FDI promotion and policy-making.

The Dawn of International Arbitration in the South Pacific: Regional International Arbitration Conference

The Government of Fiji, in collaboration with ADB and United Nations Commission on International Trade Law (UNCITRAL) Regional Centre for Asia and the Pacific, cohosted the first-of-its kind inaugural South Pacific International Arbitration Conference to raise awareness and discuss the positive development impact of international arbitration reform in the South Pacific.