Beijing
For the past few years, questions have been raised for the past few years amidst the ongoing war in different parts of the world. The United Nations has failed on several fronts and experts have long been demanding a change in its structures and working style. Meanwhile, China has prepared a new platform, challenging the UN directly. Recently, China has formed a new global arbitration group with many big countries of the world.
More than 30 countries have been involved in this exercise of China on Friday. Representatives from more than 30 countries of Pakistan, Indonesia, Belarus and Cuba have signed “establishment of international arbitration organization” in Hong Kong, after which these countries became the founding members of this global organization. This new organization will be headquartered in Hong Kong. Representatives of about 50 other countries and about 20 organizations, including the United Nations, participated in the establishment ceremony of the headquarters.
China told what is the purpose
During this, China’s Foreign Minister Wang Yi said that China has been advocating for a long time to deal with differences with mutual understanding and to build consensus through dialogue. He also said that China aims to provide Chinese vigor to resolve conflicts between nations. He has said that the purpose of this body is to promote a cordial solution of international disputes and make more harmonious global relations.
How long will work start?
Beijing has described this organization as the first inter-governmental legal organization in the world to resolve disputes through arbitration and said that it will be an important mechanism in the protection of the principles of the United Nations Charter. At the same time, Hong Kong leader John Lee has said that the organization can start its work by the end of this year.
