China announced on Friday that 32 countries have signed an agreement to establish an international mediation organization based in Hong Kong. The signing ceremony was attended by representatives from 50 additional countries across Asia, Africa, Latin America, and Europe, along with approximately 20 international organizations. The move aims to promote friendly cooperation between nations and peacefully resolve disputes through mediation.

Key Details:

• The organization will be the first intergovernmental legal entity dedicated to mediation for:
  • State-to-state disputes
  • Investor-state conflicts
  • Commercial disagreements

• Scheduled to commence operations in early 2026

• Requires ratification by three signatory states under domestic legal procedures

Quotes from Chinese FM Wang Yi:

1. "This implements Article 33 of the UN Charter prioritizing mediation for dispute resolution"

2. "Moves beyond zero-sum thinking to build more harmonious international relations"

3. "Aligns with global civilizations' shared values of dialogue and consultation"

Background:

• Initiative launched by China and 20 nations in 2022

• Preparatory office opened in Hong Kong (February 2023)

• Negotiations concluded (October 2024)

Strategic Objectives:
✓ Enhance Global South representation in international governance
✓ Establish independent, flexible mediation mechanisms
✓ Strengthen Hong Kong's role as a dispute resolution hub