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  • 3 months ago
International organization for mediation launches in Hong Kong

The International Organization for Mediation (IOMed) officially commenced operations on Monday, establishing a new multilateral platform for resolving interstate, international investment, and commercial disputes through peaceful mediation.



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Transcript
00:00The International Organization for Mediation began its operation on Monday,
00:05offering intervention services for disputes involving states,
00:08international investment and commercial conflicts on a global scale,
00:13with representatives from 31 out of the 37 signatory states.
00:18The establishment of the International Organization for Mediation in Hong Kong
00:22provides the international community with another channel to resolve international disputes.
00:26It marks an innovative and unprecedented step.
00:30It will consolidate Hong Kong's status as an international legal service and dispute resolution center.
00:38Representatives from contracting nations such as the Democratic Republic of Congo and Kenya
00:43added that the organization will help in the development of a more equitable and rational international order.
00:51The establishment of the International Organization for Mediation is beneficial to global governance and rule of law
00:57and holds very profound and significant value for the status of Hong Kong in this regard.
01:03Its establishment and inauguration means that we have provided a new way of approaching and resolving international disputes
01:11by preventing the zero-sum mindset of one party wins at the expense of the other's loss.
01:17It helps to promote a more effective, friendly and substantive resolution of international disputes.
01:24The signing ceremony for the Convention on the Establishment of the International Organization for Mediation
01:30took place on May 30th and became effective on August 29th.
01:35the submission ceremony by the
01:41children of Inc.
01:42the
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