The International Organization for Mediation headquartering in Hong Kong will boost the city’s role in global dispute resolution while generating significant employment opportunities, Chief Executive John Lee Ka-chiu said.

The milestone will be formalized this Friday at a signing ceremony of the convention for establishment attended by Foreign Minister Wang Yi alongside dignitaries from nearly 60 countries and 20 international organizations.

Speaking ahead of the Executive Council meeting on Tuesday, Lee emphasized the new body’s prestigious standing, equating its status to The Hague-based International Court of Justice and Permanent Court of Arbitration.

“The International Organisation for Mediation embodies the principle of harmony, offering more cost-effective solutions than lawsuits or arbitration in terms of time and expense. This represents an effective approach to enhancing international order through international law,” he said.

The headquarters will be located at the former Wan Chai Police Station. Lee stressed its role in strengthening Hong Kong’s legal ecosystem, promoting mediation culture, encouraging negotiated solutions, and consolidating the city’s position as a global legal hub by attracting international legal experts.

He also pointed to Hong Kong’s rising stature in dispute resolution, revealing the city has climbed to joint second globally in the latest rankings of preferred arbitration venues, sharing the position with Singapore.

As for possible economic benefits brought by the body, Lee noted it will generate numerous professional positions for mediators, translators, and researchers while attracting international organizations, NGOs, and academic institutions.

“This initiative will stimulate high-quality conferences and exhibitions, boosting related industries including hospitality, catering, logistics, and the meetings economy,” he added.

(Cheng Wong)

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