Day One: Monday 22 March
09.45 -11.00 Opening Inaugural Plenary
Statements by ministers and heads of international agencies on the importance of multi-stakeholder dialogue on the perennial issues of commodities to find better policy frameworks and market mechanisms for the future global commodity economy.
Opening Statement: Dr Supachai Panitchpakdi, Secretary General, United Nations Conference on Trade and Development (UNCTAD)
11.00 - 13.00 Plenary Session Two
Boom, Bust and Partial Recovery in Oil, Gas and Other Energy Markets
• Recent developments in oil, gas and other energy markets;
• International trading arrangements in oil and gas;
• Fundamental and non-fundamental factors in oil and gas pricing;
• Terms of trade changes for energy exporters and importers.
• Long term trends in supply and demand for hydrocarbons;
13.00 - 15.00 Lunch Break
15.00 - 16.30 Plenary Session Three
Current State and Prospects for Minerals
and Metals
• Recent developments in iron ore, steel and non-ferrous metals markets;
• International trading arrangements in metals;
• Fundamentals and non-fundamental factors affecting metals' prices;
• Changes in terms of trade for metals exporters and importers.
• Changing supply and demand patterns in mining;
16.30 - 18.00 Plenary Session Four
Building Modern and Sustainable Supply Capacity in Extractive Industries
• Real investments in productive capacities: developing sustainable projects with modern technologies;
• Investing in productive capacities as a part of effective revenue management;
• FDI, contract negotiations and rent distribution in extractive industries;
• G-20/multilateral and bilateral initiatives to augment access to commodity finance;
• Aid for Trade - prospects for building up commodity trade related infrastructure.
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Day Two: Tuesday 23 March
09.00 - 10.15 Plenary Session Five
Causes of Commodity Price Volatility
• Fundamentals, speculation and other factors: The recently increased price volatility: a new trend or an episode?
• Relationship between commodity trading, financing arrangements and prices;
• Regulated commodity exchanges, versus unregulated over the counter (OTC) markets;
• Speculation and commodities as financial asset classes;
• Investment in commodity futures and investment in productive capacities: is there a crowding out effect?
10.15 - 11.30 Plenary Session Six
Addressing Volatility: Options for Regulation
• Options for the regulatory and market mechanisms mix;
• What next for major commodity exchanges and OTC markets?
• Complementing better commodity trading rules with better regulatory oversight;
• Addressing issues of commodity trading arrangements and market stabilization;
• Prospects for commodity exchanges in developing and transition economies;
11.30 - 13.00 Plenary Session Seven
Policy Challenges for Energy and Mineral Exporting Countries
• The policy options for minerals, metals and energy producers;
• Foreign investors' contribution to the economy;
• Good governance, transparency and accountability;
13.00 - 15.00 Lunch Break
15.00 - 16.00 Plenary Session Seven (continued)
• Dealing with competition within the supply chain;
• Strategies for value addition and diversification;
• Extractive industries' linkages with the rest of the economy
16.00 - 17.00 Plenary Session Eight
Policy and Institutional Frameworks in Extractive Industries
• Dialogue on better market and regulatory frameworks and improved pricing mechanisms for hydrocarbons;
• Dialogue on building up a sustainable energy matrix for the future world economy;
• Dialogue on sustainable mining practices;
• International cooperation between commodity producers and users.
17.00 - 18.00 Concluding Plenary Session
The Chair of the forum will present to participants the main approaches expressed at the forum and will explore the possibilities of improving the policy and institutional frameworks, both nationally and internationally, to meet the future challenges of developing extractive industries and maintaining good rules and practices in production and distribution of oil, gas & metals, including better multilateral trade rules and improved principles for the financing of extractive industries.
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