The UAE, KP Chair’s office started work in earnest & has estimated the year at the beginning of the 2016. Chair said, 2016 will be a challenging year for our industry with continuing oversupply, low commodity prices and tightening liquidity.
Being a Chair-KP UAE also had focused on wider canvas & expressed, the social impact of these combining factors is likely to be severe and felt across large parts of the world’s diamond producing regions. As KP Chair we will act responsibly to overcome both current and future challenges facing the industry, for the benefit of producers and consumers alike.
This includes our commitment to further engage with the Bolivarian Republic of Venezuela to provide technical assistance and to proactively support the scheduled Review Mission in 2016. We are confident this will lead to the readmission of Venezuela as a full member of the KPCS.
In addition, we will further engage in the endorsement of the Administrative Decision on Resumption of Exports of Rough Diamonds from Central African Republic as approved through written procedure on July 17, 2015. We trust that the initiatives taken by the CAR Monitoring Team under the approved operational framework will lead to the successful resumption of exports.
UAE announced, ‘thank you all for your contributions to the Kimberley Process during the past twelve years. We commit to maintaining the credibility and cohesion of the Kimberley Process and maintaining its growth in 2016 and beyond. The KP Intersessional 2016 is scheduled to take place on the 23rd-26th May 2016.'