Login Register

Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia signs on to Beijing’s int’l mediation organisation initiative

Cambodia signs on to Beijing’s int’l mediation organisation initiative

| Publication date 17 February 2023 | 16:42 ICT

Content image - Phnom Penh Post
The inauguration of the Office of IOMed was held in Hong Kong in hybrid format, on the evening of February 16. COMMERCE MINISTRY

Cambodia signs on to Beijing’s int’l mediation organisation initiative

The Cambodian government on February 16 announced its “full support” for Beijing’s International Organization for Mediation (IOMed) initiative to settle international disputes, especially those in the business world.

The Cambodian Ministry of Commerce has signed the joint statement on the establishment of IOMed, which Chinese foreign minister Qin Gang has hailed as the world’s first inter-governmental legal organisation dedicated to the settlement of international disputes through mediation.

Ministry secretary of state Sok Sopheak attended the inauguration of the Office of IOMed, held in Hong Kong in hybrid format, on the evening of February 16.

Speaking at the event, he remarked that IOMed will offer an additional, flexible, efficient, time-saving and low-cost dispute settlement option for international cases.

As a signatory to the joint statement, Cambodia will stand “ready” to join in talks on international instruments pertaining to the initiative, as well as to support and implement the associated rules.

MOST VIEWED

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • After three deferrals, Capital Gains Tax to take effect Jan 1, 2024

    The General Department of Taxation (GDT) will implement the Capital Gains Tax starting January 1, 2024 to after being deferred three times as industrial players warn that the implementation might have some negative impact on the property market growth, which is down due to the economic downturn.