...Ecuador has released the Elements for the draft legally binding instrument on transnational corporations (TNCs) and other business enterprises (OBEs) with respect to human rights. This document will constitute the basis for substantive negotiations to elaborate an international binding instrument to regulate the activities of corporations during the third session of the open-ended intergovernmental working group (OEIGWG) to be held from 23 to 27 October 2017...

FIDH welcomes the content of the draft...

FIDH hopes that the upcoming IGWG session in Geneva will serve to further discuss and clarify some points of the existing draft in order for it to be in line with the national, regional and international jurisprudence that has developed to recognize the legal obligations of States, enterprises, and the rights of victims, as well as respond to existing legal gaps that have prevented them from seeking redress.

As such, corresponding areas of clarification include the following aspects:

1. General Principles

2. Scope

3. State obligations

4. Preventive measures

5. Fighting impunity

6. Access to information and participation in decision making

7. Implementation and monitoring