IOMed acts as legal public good for advancing global governance: Chinese FM stated while addressing the signing ceremony in Hong Kong.
Chinese Foreign Minister Wang Yi described the International Organization for Mediation (IOMed) as a key global public good that contributes to strengthening the rule of law and improving global governance.
Wang, who is also a member of the Communist Party of China’s Political Bureau, highlighted the significance of this development as he spoke at the signing ceremony for the Convention on the Establishment of the IOMed in Hong Kong,
He said the IOMed marks a milestone in the evolution of international law and holds considerable importance in the history of global diplomacy.
Wang emphasized that the creation of IOMed reflects the principles of the UN Charter and addresses a long-standing institutional gap in international mediation mechanisms.
He added that the new body could help replace the outdated zero-sum mindset with a more cooperative approach to resolving global disputes and enhancing international harmony.
According to Wang, IOMed respects the autonomy of the parties involved and offers greater flexibility, cost-effectiveness, convenience, and efficiency—making it a useful complement to litigation, arbitration, and other established dispute resolution tools.
He also underscored the need to expand the participation of developing countries and strengthen the voice of the Global South in global governance, calling for the swift establishment of high-standard, pragmatic, and flexible mediation rules and procedures.
The headquarters of the IOMed will be located in Hong Kong, a decision made collectively by the participating countries. Wang noted Hong Kong’s unique advantage as a hub that connects China with the international community.
He urged signatory countries to ratify the convention promptly and welcomed broader international participation in the new institution.
Roughly 400 senior representatives from 85 countries and nearly 20 international organizations attended the signing ceremony. Thirty-three countries formally signed the convention at the event, making them founding members of the IOMed.
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