Slide 9 of 10

Towards a new Standard:

Meetings of Experts on Cooperative Law recommended:

• Confine the role of the State to setting the regulatory framework;
• Recognize the cooperative identity as businesses based on values and principles;
• Promote cooperatives capable of competing on the global market.

Meetings of Experts on Cooperative Law have taken place in 1993 and 1995; the 1993 meeting reviewed the relevance of the existing Recommendation 127 and proposed amendments. This set in motion a lengthy process which culminated in March 1999 in the GB decision to put the revision of Recommendation 127 on the agenda of the ILC 2001 and 2002.

Our development partners believe that the new instrument should situate cooperatives firmly in the private sector and provide them with equal opportunities and treatment.

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Posted: 19 July 2000