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Kimberley Process
The plenary meeting of the Kimberley Process Certification Scheme (KPCS) is being hosted by India from 18-22 November, 2019 in India.Consider the following given statements about the Kimberley Process:
- The Kimberley Process is a multilateral trade regime established in 2003 with the goal of preventing the flow of conflict diamonds.
- The Kimberley Process Certification Scheme (KPCS) imposes extensive requirement son its members to enable them to certify shipments of rough diamonds as ‘conflict-free' and prevent conflict diamonds from entering the legitimate trade.
- India is one of the founder members of Kimberley Process Certification Scheme and is the Chair of Kimberley Process for the year 2019.
Choose the correct answer from the codes given below:
A |
1 and 2
|
|
B |
2 and 3
|
|
C |
1 and 3
|
|
D |
1, 2 and 3
|
Your Ans is
Right ans is D
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- The Kimberley Process (KP) is a multilateral trade regime established in 2003 with the goal of preventing the flow of conflict diamonds. The core of this regime is the Kimberley Process Certification Scheme (KPCS) under which States implement safeguards on shipments of rough diamonds and certify them as “conflict free".
- It is open to all countries that are willing and able to implement its requirements.
- KPCS imposes extensive requirements on its members to enable them to certify shipments of rough diamonds as ‘conflict-free' and prevent conflict diamonds from entering the legitimate trade.
- Under the terms of the KPCS, participating states must meet ‘minimum requirements' and must put in place national legislation and institutions; export, import and internal controls; and also commit to transparency and the exchange of statistical data.
- India is one of the founder members of Kimberley Process Certification Scheme and is the Chair of Kimberley Process for the year 2019 with Russian Federation as Vice Chair. India had earlier chaired KPCS in the year 2008.
Members
- The KP has 54 participants, representing 81 countries, with the European Union and its Member States counting as a single participant.
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