Entrance to WTO and Perfection of China's Foreign-related Arbitration System

WTO principles exert a far-reaching influence on the foreign-related arbitration of our country, whose concrete demand is that our country's foreign-related arbitration procedure should possess such characters as independency,transparency,and efficiency.However, the foreign-related arbitration system faces a great challenge and a great deal of problems on the macrocosmic and microcosmic aspects. For instance, reade are worried about the law-enforcing environment correlated with arbitration; people are unfamiliar with arbitration; the competition between arbitration institutions is fierce; the personnel management is unreasonable; ad hoc arbitration is in need; the regulations of an arbitrator's quality are too high; the regulations of arbitral agreement are rigid and the judicial review to arbitration awards is too casual. The author puts forward the basic idea of perfecting our contry's foreign-related arbitration system,that is, introduce ad hoc arbitration, remaking provisions of the arbitral agreement in businessmen's angle, widen gradually the party's freedom of choosing an arbitrator and made legal provisions about canceling or refusing to carry out the foreign-related arbitration award.