What is the new york convention on arbitration?

The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, adopted in 1958, is a key international treaty that facilitates the enforcement of arbitration agreements and awards across borders. It requires signatory countries to recognize and enforce foreign arbitral awards, thereby promoting international trade and investment by providing a reliable framework for resolving disputes. The Convention has been adopted by over 160 countries, making it one of the most significant instruments in international arbitration law.