Board paper 34-4-B on the pilot project on transparency in commodity trading
This Board paper was presented in Oslo, at the 34th Board meeting. Following the recommendation by the implementation committee, the pilot project on transparency in commodity trading was established, based on the recommendation of this paper.
Summary of the paper (download below)
Further to the discussions about commodity trading at the 30th Board meeting in Berne, the subsequent establishing and efforts by a working group, it is proposed that the Implementation Committee recommends to the EITI Board that a pilot project on transparency in commodity trading be established.
The Implementation Committee was due to consider this paper at its meeting on 1st June 2016 and may wish to add its own recommendation to the Board. It is estimated that the pilot will cost about US $ 317 000 for intense technical assistance by the Secretariat to five countries and moderate assistance to an additional 12 countries. The pilot will be executed subject to mobilisation of additional funding.
Further information on the working group on transparency in commodity trading and the draft Terms of Reference (TOR) for the pilot are provided below and in Annex A. The working group on transparency in commodity trading was due to discuss the TOR at its meeting on 25 May and may propose further amendments.
- Pilot project on transparency in commodity trading.
Annex A: TOR for pilot project on transparency in commodity trading.
- Scope of the pilot.
- Deliverables from pilot countries.
- Time schedule.
- Technical and financial assistance.
Annex B: TOR for the working group on transparency in commodity trading.
- Communication about the working group.
- Time schedule.
- Compositions of the working group.
- List of NOCs in EITI implementing countries.
- Minutes of the meeting on transparency in commodity trading.