Australia has officially withdrawn its bid to be the KP Vice Chair to Angola, leaving the door open for United Arab Emirates to become Vice Chair. Australia and UAE signed a bilateral agreement stipulating certain commitments made by UAE with regard to the KP. Foremost among them is that UAE will host a KP review visit commencing 27 September 2015. In addition, UAE has agreed to consult closely with all Participants and Observers, and will undertake by Plenary 2015 at least one collaborative project with civil society concerning: (1) transfer pricing and how it should be addressed by the KP; (2) due diligence for rough diamond supply chain to improve internal controls, or (3) the definition of conflict diamonds. A second collaborative project will be completed by Intersessional 2016.
The KP has yet to make a formal decision.
Australia is still willing to serve as KP Chair and has announced its intention to nominate for the post of KP Vice Chair in 2016 when nominations open.