A/RES/73/199 United Nations General Assembly Distr.: General 3 January 2019 Seventy-third session Agenda item 80 Resolution adopted by the General Assembly on 20 December 2018 [on the report of the Sixth Committee (A/73/496)] 73/199. Model Law on International Commercial Mediation and International Settlement Agreements Resulting from Mediation of the United Nations Commission on International Trade Law The General Assembly, Recalling its resolution 2205 (XXI) of 17 December 1966, by which it established the United Nations Commission on International Trade Law with a mandate to further the progressive harmonization and unification of the law of international trade and in that respect to bear in mind the interests of all peoples, in particular those of developing countries, in the extensive development of international trade, Recalling also its resolution 57/18 of 19 November 2002, in which it noted the adoption by the Commission of the Model Law on International Commercial Conciliation 1 and expressed the conviction that the Model Law, together with the Conciliation Rules of the Commission 2 recommended in its resolution 35/52 of 4 December 1980, contributes significantly to the establishment of a harmonized legal framework for the fair and efficient settlement of disputes arising in international commercial relations, Recognizing the value of mediation as a method of amicably settling disputes arising in the context of international commercial relations, Believing that the amendments to the Model Law on International Commercial Conciliation will significantly assist States in enhancing their legislation governing the use of modern mediation techniques and in formulating such legislation where none currently exists, __________________ 1 2 18-22461 (E) Resolution 57/18, annex. Official Records of the General Assembly, Thirty-fifth Session, Supplement No. 17 (A/35/17), para. 106; see also Yearbook of the United Nations Commission on International Trade Law , vol. XI: 1980, part three, annex II. 070119 *1822461*

Select target paragraph3