A Chinese diplomat said on Friday that the International Organization for Mediation (IOMed) will act as a leading intergovernmental company to assist settle worldwide disagreements through mediation.Li Song, Chinas irreversible agent to the UN and other global companies in Vienna, made the remarks at a promotion reception for the IOMed held during the 58th session of the United Nations Commission on International Trade Law (UNCITRAL).
Keeping in mind that the UN Charter plainly specifies mediation as one of the favored methods for the tranquil settlement of worldwide disagreements, Li said the IOMed will be the worlds very first intergovernmental legal organization devoted to dealing with international disputes through mediation.UNCITRAL Secretary Anna Joubin-Bret recalled experiencing the signing event of the Convention on the Establishment of the IOMed in south Chinas Hong Kong Special Administrative Region earlier this year.
She expressed hope that the IOMed would strengthen cooperation with UNCITRAL in the future to collectively promote the advancement of the worldwide rule of law.The IOMed is a crucial international public good supplied by China together with countries sharing similar concepts, intending to fulfill the development pattern and growing need for international mediation.According to the IOMed convention, the company will offer mediation services for three kinds of worldwide disagreements submitted by the parties by shared consent revealed before or after disputes occur: conflicts in between states; industrial or financial investment conflicts in between a state and a nationwide of another state; and global industrial disputes in between personal parties.