International contracts for the sale and purchase of goods generally stipulate that if the two parties fail to reach an agreement through negotiation, they shall be submitted to an arbitration institution for arbitration. According to China's foreign trade law, if China's foreign-related sales contracts fail to negotiate, they should be submitted to the Foreign Trade Arbitration Commission of Beijing China Trade Promotion Commission for arbitration according to its rules, while domestic sales contracts of goods are relatively seldom settled by arbitration.
