WATCH: Trump introduces Gaza 'Board of Peace' at Davos forum

President Donald Trump inaugurated his newly created Board of Peace with a handful of founding members but offered few details about its mandate and how the panel will work or might pursue efforts to end global conflicts.

Watch the event in the video player above.

Trump hailed the board as "something very, very unique for the world."

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Speaking at a ceremony to sign the board's charter, Trump said it could work with the United Nations to resolve wars not only in the Middle East, where the Israel-Hamas war in Gaza was the genesis of the concept.

But he did not provide specifics about how the board would cooperate with the U.N.

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A number of countries, many of them close U.S. allies, have expressed concerns Trump might want the board to supplant or rival the U.N. and have either refused to sign on or remained noncommittal.

Trump mentions UN as a partner

In his opening remarks praising the launch of his Board of Peace, Trump made a point to mention the United Nations.

He said "many nations" have been part of establishing the body.

Then he added, "We'll work with many others, including the United Nations."

Trump has been highly critical of the U.N. and withdrawn the U.S. from multiple international organizations, and he has expressed ambitions recently that the new international board can replicate if not compete with the U.N. as an international broker.

Trump suggests Middle East problems can end easily

The U.S. president said the Israel-Hamas war in Gaza "is really coming to an end" and Hezbollah's presence in Lebanon amounts to "remnants."

On Gaza, Trump said, "They're down to little fires. We can put them out very easily."

Trump acknowledged Hezbollah remains in Lebanon, but he downplayed the group's strength.

"These are remnants. I call them remnants," Trump said.

Trump affirms global ambition for his Board of Peace

Trump reaffirmed the Board of Peace will start with a focus on Gaza but then look globally.

"I think we can spread out to other things as as we succeed with Gaza, we're going to be very successful in Gaza," he said, adding, "We can do numerous other things. Once this board is completely formed, we can do pretty much whatever we want to do.

He promised again to work "in conjunction with the United Nations," though he still criticized the U.N. for not doing enough historically.

"I think the combination of the Board of Peace with the kind of people we have here, coupled with the United Nations, can be something very, very unique for the world," Trump said.