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WHEREAS, the establishment of Alternative Dispute Resolution and Conciliation helps to complement the right to justice and, in particular, contribute to the resolution of investment and commercial related disputes and to the development of the sector;

WHEREAS, arbitration and conciliation help in rendering efficient decision by reducing the cost of the contracting parties, protecting confidentiality, allowing the participation of experts and the use of simple procedure which provides freedom to contracting parties;

WHEREAS, it is necessary to provide for a general framework for the identification of arbitrable cases, management of arbitration proceedings and execution of decision by taking into account the objective condition prevailing in the country;

WHEREAS, the Proclamation helps in implementing international treaties acceded and ratified by Ethiopia;

WHEREAS, it has become necessary to amend the laws in force by taking into account the international practices and principles related to arbitration and conciliation;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: