Geneva negotiations continue for an international business & human rights treaty, including ECAs

(Lexology, London, 24 October 2017) An intergovernmental working group mandated to draft a new international legal instrument to regulate the activities of transnational corporations in relation to human rights is holding its third meeting in Geneva this week. Negotiations for a business and human rights treaty have been ongoing since 2014 when the Human Rights Council established an open-ended mandate (discussed in further detail here) to revoke business licences and subsidies, if and to the extent necessary, from offenders; and revise relevant tax codes, public procurement contracts, export credit and other forms of State support, privileges and advantages in case of human rights violations,