EITI Working Group Commodity Trading Transparency

The commodity trading industry’s contribution to developing country economies far outstrips official aid budgets and is higher than that of traditional extractive industries companies. However, the widespread perception of corruption and the lack of accountability poses significant governance challenges for producing states and business risks for the trading industry. Importantly, corruption can reduce the resources available for investing in public goods and services. Greater transparency, oversight and detailed disclosures of payments can help governments to address and mitigate corruption risks and increase accountability to the public.

To improve transparency of commodity trades in developing countries and contribute to a global transparency standard for companies buying oil, gas and minerals from resource-rich countries.

Promote transparency in the first trade

Champion industry disclosure practices

Move towards a global disclosure standard for commodity trading

Principaux résultats attendus:  

Technical assistance to countries, state owned enterprises and civil society

Guidance on reporting of commodity trades

Reporting templates for commodity trades

Policy debate on frontrunning issues in commodity trading

Outreach to commodity traders and trading hubs

Globally scalable standard on commodity trading transparency

Phase 1 01.10.2019 - 31.12.2022   (Active)