All disputes arising from the performance of this Contract shall,through amicable negotiations,be settled by the Parties hereto.Should,through negotiation,no settlement be reached,the case in question shall then be submitted for arbitration to the China International Economic and Trade Arbitration Commission,Beijing and the arbitration rules of this commission shall be applied.The award of the arbitration shall be final and binding upon the Parties hereto.The Arbitration fee shall be borne by the losing party unless otherwise awarded by the Arbitration Commission.