Jan. 22 (UPI) -- President Donald Trump held a signing ceremony for his new Board of Peace at the World Economic Forum in Davos, Switzerland, Thursday, calling it one of the "most consequential bodies" ever created.

"As everyone can see today, the first steps toward a brighter day for the Middle East and a much safer future for the world are unfolding right before your very eyes," Trump said. "Together we are in a position to have an incredible chance -- I don't even call it a chance, I think it's going to happen -- to end decades of suffering, stop generations of hatred and bloodshed and forge a beautiful, ever-lasting and glorious peace for that region."

About 25 countries have accepted his invitation to join the board, but some of the United States' closest allies have rejected it.

Some countries have asked whether an alternative to the United Nations is necessary.

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