The Inter-American Commission on Commercial Arbitration, which has its origins in Resolution XLI on Commercial Arbitration, adopted by the Seventh International Conference of American States, held in Montevideo (Uruguay) in 1933, at which it was agreed that, in order to establish closer ties among the Trade Associations of the Americas, with absolute independence from official controls, an Inter-American body needed to be created to assume, as one of its most important functions, the responsibility for setting up an Inter-American arbitration system.
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