Following two days of lengthy procedural discussions regarding the establishment of contact groups on the funding strategy and/or compliance, and the eventual agreement to establish both, the Governing Body managed to make good progress going through its heavy agenda. Delegates agreed to: a set of outcomes for implementation of the funding strategy, including a financial target of US$116 million for the period July 2009 to December 2014; a resolution on implementation of the MLS, including setting up an intersessional advisory committee on implementation issues; a resolution on farmers’ rights; and procedures for the Third Party Beneficiary. They also adopted the work programme and budget for the next biennium; agreed to the urgent need to finalize the outstanding financial rules at GB 4; and established intersessional processes to finalize compliance procedures by GB 4 and review the Standard Material Transfer Agreement (SMTA). ((ENB Summary and Analysis.))
LATER: Here’s the Treaty’s promotional video.