Chinese Foreign Minister Wang Yi emphasized the International Organization for Mediation’s (IOMed) pivotal importance in global diplomacy, underscoring its alignment with UN principles and its potential to address critical gaps in international conflict resolution.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made these remarks during the signing ceremony of the Convention on the Establishment of the IOMed in Hong Kong on Friday.

He mentined that the International Organization for Mediation (IOMed) functions as a vital public good in the realm of the rule of law, contributing to improved global governance.

The birth of the IOMed can help transcend the "you-lose-I-win" zero-sum mentality, promote the amicable resolution of international disputes, and foster more harmonious international relations, Wang said.

The IOMed respects the wishes of parties concerned, and draws upon the strengths of being more flexible, cost-effective, convenient, and efficient, he said, adding that it will complement and form synergies with litigation, arbitration and other existing international dispute settlement mechanisms.

Emphasizing the importance of enhancing the participation of developing countries and improving the representation and say of the Global South in international governance, Wang called on parties to put in place at an early date a set of world-class mediation rules and mechanisms featuring autonomy, flexibility, pragmatism and high efficiency.