1 The Commercial Arbitration Association of the Republic of China and The Japan Commercial Arbitration Association have agreed as follows: Article 1 Both Associations shall each recommend to enterprises engaged in economic transactions between the Republic of China and Japanthe use of arbitration in settling disputes arising from such e-conomic transactions and the insertion of the following arbitra-tion clause in their contracts: "All disputes which may arise between the parties out of or in relation to this contract shall be finally settled by arbitrati-on (a) at the Commercial Arbitration Association of the Republicof China under its Enforcement Rules for the Arbitration Proced-ure if the arbitration is to be held in the Republic of China or(b) at the Japan Commercial Arbitration Association under its C-ommercial Arbitration Rules or the UNCITRAL Arbitration Rules ( the parties are requested to delete either rules) if the arbit[ r]ation is to be held in Japan, The place of arbitration shall be unless otherwise agreed between the parties, the country in which the respondent resides. " Article 2 Both Associations will cooperate to promote international comme-rcial arbitration between the two countries and will exchange a-ll necessary information and opinions conduc[t]ive to the reali-sation of this Agreement. Article 3 Believing that the bringing of their respective arbitration lawsand rules into closer harmony will contribute to the further st-ability and development in economic transactions between the en-terprises of the two countries, both Associations will exert ev-ery effort to this end. This Agreement has been prepared in authentic copies in the Eng-lish language. [Signed] THE COMMERCIAL MIEN-MIEN HUANG ARBITRATIONChairman ASSOCIATION OF THE Taipei, June 11, 1990REPUBLIC OF CHINATHE JAPAN COMMER- CIAL ARBITRATION ASSOCIATION [Signed] RYUTA KAWASAKI Vice President Taipei, June 11, 1990