OECD and ICGLR Synergies and Complementarities Sample Clauses

OECD and ICGLR Synergies and Complementarities. The OECD Pilot Project and the ICGLR Regional Initiative are based on the common objective of preventing the extraction and trade in minerals from being a source of conflict and insecurity, while creating the enabling conditions for a positive contribution by the private sector to sustainable development. The 2009 G8 Leaders Declaration at L’Aquila has welcomed the efforts of the ICGLR to tackle illegal exploitation of natural resources and encouraged the OECD and other partners to work with the ICGLR and engage with stakeholders to develop practical guidance for business operating in conflict-affected and high-risk areas. In 2009, there was an exchange between the ICGLR Executive Secretary and the OECD Secretary-General, acknowledging the existence of significant synergies and complementarities between the ICGLR Regional Initiative and the OECD Pilot Project and the desirability of exploring further possibilities for cooperation. Since that time, the ICGLR has become a member of the OECD-hosted working group on due diligence in the mining and minerals sector and has actively participated in the development of the OECD Due Diligence Guidance. The OECD and the ICGLR recognised the synergies and complementarities existing between the OECD Due Diligence Guidance and the six tools developed by the ICGLR Regional Initiative at the joint ICGLR-OECD Consultation on Responsible Supply Chain Management of Conflict Minerals held in Nairobi on 29-30 September 2010; The outcome document of the meeting of ICGLR ministers in charge of mineral resources, issued on 1 October 2010, recognising the complementarities of the OECD Due Diligence Guidance and the tools of the ICGLR Regional Initiative, recommends that the Special Summit of ICGLR Heads of State should adopt the OECD Due Diligence Guidance as the 7th tool of the ICGLR Regional Initiative; and that the ICGLR and OECD should conclude a Memorandum of Understanding in order to establish a framework for cooperation.
Sample 1
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Related to OECD and ICGLR Synergies and Complementarities

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