UNITED NATIONS: The UN Security Council lifted a nearly decade-old embargo on Ivory Coast’s international diamond trade Tuesday and also relaxed its arms embargo there.

The diamond embargo was declared in 2005 because the stones were helping fund the Forces Nouvelles rebels that controlled the north of the country after a failed coup attempt in 2002 against then-president Laurent Gbagbo.

However, the diamond trade is now regulated by the Kimberley Process, of which Ivory Coast is a member, and the UN oversight is seen as redundant.

A resolution adopted by the body’s 15 member states terminates “the measures preventing the importation by any state of all rough diamonds from Cote d’Ivoire... in light of progress made towards Kimberley Process Certification.”

According to figures from the European Union, Ivory Coast extracts between 50,000 and 300,000 carats (1 carat = 0.2 grams) of diamonds a year, well behind the world’s top producers. Between 200,000 to 300,000 Ivorians make their living from diamonds, mostly as small-scale miners.

The draft resolution also relaxes the UN arms embargo on Ivory Coast. Heavy weapons would remain under strict controls, but, under the proposed changes, small caliber weapons would be allowed to be supplied to police and gendarmes under prior notification.

Opinion

Editorial

Noon leaks
Updated 27 Sep, 2022

Noon leaks

PMO audio leaks are a national security emergency that ought to be investigated at the highest level.
Cipher probe offer
27 Sep, 2022

Cipher probe offer

CONSIDERING the toxic political polarisation in the country, former prime minister Imran Khan’s suggestion that ...
Delaying Doha plans
27 Sep, 2022

Delaying Doha plans

WHEN Doha announced its intention to spend $3bn in different commercial and investment sectors of Pakistan around a...
Debt deferment
Updated 26 Sep, 2022

Debt deferment

Pakistan’s dollar funding needs for next 5 years have never been so large and world’s appetite to hold its hands never so poor.
Dengue concerns
26 Sep, 2022

Dengue concerns

AS weather conditions change in Pakistan, the threat of dengue looms large over the land. According to a warning...
Relic of colonialism
26 Sep, 2022

Relic of colonialism

THE law on sedition, one of several holdovers of colonial times, is among the most handy instruments for controlling...