Consolidate consensus among all parties and promote global cooperation in the rule of law

At the recently held 2024 Global Conference on the Rule of Law in Business, Ren Hongbin, President of the China Council for the Promotion of International Trade, issued the "Beijing Declaration of the 2024 Global Conference on the Rule of Law in Business" on behalf of the business and legal communities.

The Declaration proposes five initiatives: Firstly, to improve the global governance system and jointly build an open economic pattern. We call on all countries to practice true multilateralism, firmly uphold the authority and effectiveness of the multilateral trading system centered on the World Trade Organization, and promote the construction of an open world economy.

2、 Optimize the global business environment and promote common development worldwide. We call on all countries to work together to implement the United Nations 2030 Agenda for Sustainable Development and global development initiatives, create a fair, transparent, stable, and predictable business environment, and promote stronger, greener, and healthier global development.

3、 Strengthen the role of legal protection and stimulate industrial innovation momentum. We call on all countries to persist in using the power of the rule of law to promote innovative development, create a favorable institutional environment for the development of new business models, and drive world economic development through innovation.

4、 Deepen global legal and business exchanges and expand international cooperation space. We call on all countries to continuously strengthen bilateral and multilateral legal dialogues, expand the breadth and depth of commercial legal cooperation, and enhance the resilience and vitality of international economic and trade cooperation.

5、 Consolidate global consensus and create a better future for the world together. We call on all parties to gather global strength and resources, solve development problems, and work together to write a new chapter in building a community with a shared future for mankind.

  Take the initiative to promote high-level opening-up and foreign-related rule of law construction, and make greater contributions to promoting the construction of an open world economy and building a community with a shared future for mankind.

Attendees expressed that the Business Rule of Law Conference provides a world-class professional platform for global business and legal professionals, and offers opportunities to strengthen international cooperation. The release of the Declaration will help create an environment conducive to the development of new business models and further promote economic development.