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Jakarta Post

Time for Indonesia to join Singapore convention on mediation

Time for Indonesia to join Singapore convention on mediation Singapore's Marina Bay skyline, illuminated at night, Feb 18. (The Straits Times/ANN/-)
Kohe Hasan and Mohamed Fadhil
PREMIUM
Singapore   ●   Mon, August 12, 2019

The Singapore Convention on Mediation (the Singapore Convention), an international trade dispute resolution treaty, opened for signature in Singapore on Aug. 7, and saw 46 signatories, which represents the highest-ever number of first-day signatories of a United Nations trade convention. Indonesia, unfortunately, was not one of the 46 signatories.

The signing and ratification of the Singapore Convention marks a milestone in the development of mediation practice and brings countries closer to a tipping point — the moment when a smoother path is paved for international trade and commerce with the backing of a mature, rule-based dispute resolution framework.

There are multiple benefits from being a signatory to the Singapore Convention. For Indonesia, it would represent an opportunity to elevate its standing as a viable business destination for foreign investors...

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Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.