Mark Pinkstone/Former Chief Information Officer of HK government
The words of China’s Foreign Minister, Wang Yi were loud and clear. The results of Hong Kong becoming a Special Administrative Region of China came about after successful negotiations between two sovereign states.
During the signing ceremony for the Convention on the Establishment of the International Organization for Mediation (IOMed) to be headquartered in Hong Kong, Wang cited Hong Kong as a success story of the peaceful settlement for international disputes.
"The city enjoys exceptional advantages in international mediation," Wang said, citing for example, its affinity to the motherland and connection to the world, its enabling business environment, its highly developed legal system, and its strength in both common law and civil law.
And in the words of Hong Kong’s Chief Executive John Lee Ka-chiu, the IOMed will become the world's first intergovernmental international legal organisation dedicated to resolving international disputes through mediation.
“It also reflects our shared confidence in mediation as a peaceful means to maintain international peace and security, as stipulated in the Charter of the United Nations,” he said
Wang said the new organisation, as a "rising star", will grow together with Hong Kong as the Pearl of the Orient.
Indeed, Hong Kong is well positioned to be the headquarters of such an august body that parallels only with the United Nations, which had representatives attending the signing ceremony.
Also attending the ceremony were representatives from 60 countries and some 20 related organisations.
Moreover, the choice of Hong Kong as the headquarters of IOMed was endorsed from various world leaders attending the signing ceremony.
Minister for Foreign Affairs in Thailand, Surakiart Sathirathai said Hong Kong has the reputation, a very positive one, with a world-renowned legal infrastructure and judicial system. “Hong Kong has an international reputation for being the centre for various dispute resolutions and Hong Kong has an excellent personality with international reputation. I think Hong Kong, of course, is well positioned to host this headquarters of IOMed,” he said.
His words were echoed by the Deputy Prime Minister and Foreign Minister of Pakistan, Mohammad Ishaq Dar who said that the signing ceremony not only marked the beginning of a new era in international mediation and diplomacy, but also the birth of an important global institution to support the principles of multilateralism and mediation. “I must also commend the choice of Hong Kong as headquarters of the newly established organization as a ‘super connector’ and ‘super value-adder’ where East meets West. This dynamic city is well poised for this transformational journey,” he said.
Despite what the US administration and its western followers continually sprout poisonous rhetoric to decry Hong Kong, the city still reigns supreme as an international entity due to its rule of law and legal system as well as its infallible ability to get things done under the most trying circumstances. They are simply jealous of Hong Kong’s ability to achieve success where they fail to make any movements forward.
Hong Kong’s location in the centre of Asia and as the gateway to China makes it accessible to all major markets in the region. It is also home to some 1,400 foreign companies that have established their regional headquarters in Hong Kong as well as some 10,000 foreign companies have set up shop in Hong Kong. Its financial sector is second to none in the region.
Of course Hong Kong already offers expertise in the fields of mediation with the Hong Kong Mediation Centre (HKMC), established in 1999 as the first professional mediation organisation recognised as a charitable institution in Hong Kong. It has more than 1,000 members from various professional sectors and plays a leading role in the mediation industry. So, for more than 20 years, the centre has strived to promote the development of mediation through its diverse services, aiming to create a harmonious community. Apart from professional mediation services provision, its scope of services extends to areas such as professional training, professionalisation, public education and external collaboration.
According to this year's International Arbitration Survey, Hong Kong is the most preferred seat of arbitration in the Asia-Pacific region and shares second place globally with Singapore. Hong Kong’s economy also came first in "business legislation" and "international trade" in the World Competitiveness Yearbook. And in the latest Business Ready Report published by the World Bank Group, Hong Kong ranks eighth in "dispute resolution" among the 50 economies covered.
Mark Pinkstone
** The blog article is the sole responsibility of the author and does not represent the position of our company. **
