20 Dec EITI Secretariat participate in the OECD event of the 11th International Plenary Meeting for the Dialogue on Development Policies of Natural Resources
OECD organized on December 12-13, in Paris, the 11th International Plenary Meeting on the Dialogue of Development Policies based on Natural Resources. The Dialogue on Natural Resources Development Policies is a multi-year intergovernmental process in exchanging practices and coordination between OECD partner countries that produce minerals, oil and gas, on the use of natural resources for structural transformation and sustainable development.
The Dialogue on Natural Resources Development Policies focuses on four Working Objectives: (i) Creating Shared Values and Local Development; (ii) revenue and expenditure management; (iii) Achieve Better Agreements, and (iv) Mobilize Internal Resources (BEPS Treatment, Anticorruption and Transparency on Commodity Trading).
This important two-day event convened in Paris representatives of Governments, International Organizations, Mining Industries, Civil Society and think tanks and provided opportunities to advance the various Work Objectives, according to the roadmap agreed at the 10th meeting held on June 25-26, 2018.By the invitation of the event’s organizers, representatives of the National Secretariat EITI Albania participated for the first time.
Commodity Trading was discussed at the second day sessions where representatives of participating countries agreed to work towards developing a global reporting model for declaring payments by state-owned companies in the trading of raw materials in the Extractive Industries. At the same time, they also demanded an assessment of needs for such information and the security that it would translate into an effective demand for accountability from recent users. This Session explored exactly what kind of information is needed and useful to be declared in order to create an effective demand for accountability and transparency that is needed to create a reliable environment in rich natural resources.
A Pilot Project for Commodity Trading summary was presented during the event by representatives of the EITI International Secretariat, during which the Commodity Trading Report findings were presented by countries engaged in this project including the Pilot Project implemented in Albania.