At a ceremony held on 2 July 2015 in Lisbon, a cooperation agreement between the PCA and the Commercial Arbitration Center of the Portuguese Chamber of Commerce and Industry (CAC-CCIP) was concluded. The cooperation agreement establishes a framework for the two organizations to join forces in the promotion of international arbitration and in raising awareness about developments in the field. In addition, it formally recognizes the benefits of cooperation among international arbitral institutions. On a practical level, under this agreement, each institution will be able to hold hearings and meetings at the other’s premises and will assist with the arrangement of local support services for such events. The PCA has also signed cooperation agreements with other arbitration institutions and international organizations worldwide, such as the International Centre for the Settlement of Investment Disputes (ICSID), American Arbitration Association (AAA), China International Economic and Trade Arbitration Commission (CIETAC), Association for the Promotion of Arbitration in Africa (APAA), Australian Centre for International Commercial Arbitration (ACICA), Singapore International Arbitration Centre (SIAC), Hong Kong International Arbitration Centre (HKIAC), Dubai International Arbitration Centre (DIAC), Bahrain Chamber for Dispute Resolution (BCDR-AAA), Center for Arbitration and Conciliation of the Bogotá Chamber of Commerce (CAC-CCB), CAM-CCBC (Arbitration and Mediation Center of the Brazil-Canada Chamber of Commerce), Inter-American Court of Human Rights (IACHR), Organization of American States (OAS), Arbitration Foundation of Southern Africa (AFSA), the Seoul International Dispute Resolution Center (Seoul IDRC), and Central American Court of Justice (CACJ).