This document is an output of the multi-stakeholder Negotiation Support Forum, an integral part of the OECD Policy Dialogue on Natural Resource-based Development’s Work Stream 3 on “Getting Better Deals”. The Negotiation Support Forum comprises a multi-stakeholder group of subject matter experts from government, the private sector, civil society and international organisations.
The Guiding Principles for Durable Extractive Contracts (Guiding Principles) set out eight principles and supporting commentary that host governments and investors can use as a common reference for future negotiations of enduring, sustainable and mutually beneficial extractive contracts. They aim to provide guidance for the content and negotiation of durable extractive contracts that can reduce or eliminate the drivers of renegotiation and can provide adaptive and flexible provisions that can automatically adjust to prevailing market conditions.
An initial draft of the Guiding Principles was prepared by the OECD Development Centre, serving as Secretariat, and was discussed at the Seventh Meeting of the Policy Dialogue on Natural Resource-based Development held on 30 November 2016 at the OECD in Paris.