Considerations on COM(2021)112 - EU position in the International Tropical Timber Council on the extension of the International Tropical Timber Agreement, 2006 - Main contents
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| dossier | COM(2021)112 - EU position in the International Tropical Timber Council on the extension of the International Tropical Timber Agreement, ... |
|---|---|
| document | COM(2021)112  |
| date | May 6, 2021 |
| (2) | Pursuant to Article 6 of ITTA 2006, the International Tropical Timber Council (ITTC) is the highest authority of the International Tropical Timber Organization (ITTO) and consists of all the members of ITTO. |
| (3) | Pursuant to Article 44(1) of ITTA 2006, that agreement is to remain in force for a period of 10 years after its entry into force, until 6 December 2021, unless ITTC, by special vote in accordance with Article 12 thereof, decides to extend, renegotiate or terminate it. Pursuant to Article 44(2) of ITTA 2006, ITTC may decide to extend it for two periods, namely, an initial period of five years and an additional one of three years. |
| (4) | The ITTC will take a decision on the extension of the ITTA 2006 either at its 57th Session to be held in November 2021 or intersessionally without holding a meeting. |
| (5) | The extension of the ITTA 2006 for an initial period of five years is in the interest of the Union, as the ITTO is still in the early stages of a financial recovery and in the process of reforming its financial architecture. |
| (6) | It is appropriate to establish the position to be taken on behalf of the Union in the ITTC with regard to the extension of the ITTA 2006, |