The signing of the Convention on the Establishment of the International Organisation for Mediation (IOMed) in Hong Kong today is a truly exciting development for Hong Kong and a significant milestone for the global legal community.
Initiated by China and nearly 20 like-minded countries in 2022, the IOMed is the world’s first inter-governmental international legal organisation dedicated to
resolving international disputes through mediation, a crucial mechanism for upholding the principles of the United Nations Charter. It reflects a growing consensus among nations that dialogue, mutual respect, multilateral cooperation and compromise are the most sustainable paths to resolving international disputes.
The decision to set up the headquarters of the organisation
in Hong Kong is a resounding vote of confidence in our city’s common law system, robust legal system, talent pool,
bilingual legal environment and international connectivity. It also attests to Hong Kong’s unique position as a global legal and financial hub and as a trusted venue for resolving international disputes.
In short, the IOMed will significantly consolidate Hong Kong’s position as a centre for international dispute resolution services and enhance the city’s global appeal.
China’s foreign minister Wang Yi, who is also a member of the Political Bureau of the Communist Party Central Committee, is expected to
attend the ceremony. This signifies the importance that the central government accords to this pioneering initiative and its commitment to uphold an international law-based global order.
The establishment of the IOMed will put Hong Kong on par with other international metropolises, which are typically home to headquarters of international organisations. For instance, New York is home to the headquarters of the United Nations, the world’s largest intergovernmental organisation.
