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International relations

U.S. and China keep Singapore waiting on business mediation treaty

U.N. pact led by city-state gains little ratification traction amid COVID

Singapore is positioning itself as a neutral forum for resolving international business disputes, and is lobbying peers to ratify a U.N. mediation treaty that bears its name.   © Reuters

SINGAPORE -- Demand for international mediation is rising, but a United Nations treaty spearheaded by Singapore is in ratification limbo two years after its introduction, as the pandemic alters priorities and the world's two biggest economies stay on the sidelines.

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