The Global Compact for Safe, Orderly and Regular Migration (GCM) was adopted in 2018 under the auspices of the United Nations. In a context in which the global governance of international migration remains weak, and in which states regularly confront migration/refugee crises, the GCM provides an internationally agreed-upon assessment of the political issues raised by international migration and identifies non-binding policy recommendations regarding how governments should address them. This article analyses the content of the GCM in light of the migration-related discussions at the international level since the 1990s. It critically examines its core arguments and argues that, because of the diverging worldviews and interests among governments and other stakeholders, the GCM is marked by major internal contradictions. This results into a depoliticized document and in a political language that hides the dilemmas raised by migration politics. There is therefore little consensus among states regarding the nature of migration and the political responses to govern the transnational mobility of people.