Decision 41/95

The Executive Committee decided:

1. To request the World Bank to take into full account the findings of the CTC/TCA audit report in developing the sector phase-out plan for phasing out TCA production in China;
2. Also to request the World Bank and the Government of China to use the findings of the China CTC/TCA audit report in the implementation of the CTC sector plan, and to submit a complete verification report of both CTC production and consumption in 2003 to the 43^rd Meeting of the Executive Committee, with a preliminary report submitted to the 42^nd Meeting;
3. To approve the CTC sector Agreement in India, attached as Annex XVIII to the present report;
4. To request the World Bank and the Government of India to submit a draft verification framework together with milestones for completion of the verification system for the CTC sector Agreement at the 42^nd Meeting of the Executive Committee. The verification system should include methodology and indicators for monitoring of the following elements: the total annual CTC production and imports, exports, a breakdown of CTC production for feedstock and non-feedstock applications, as well as a breakdown of CTC consumption in feedstock and non-feedstock applications, and, possibly, a breakdown of CTC consumption for solvents and process agents;
5. To continue the discussion on the discrepancy regarding India’s 2001 CTC import data at the next meeting of the Subgroup;
6. To approve the project preparation funding for the World Bank for the Venezuela CFC production phase-out project at US $40,000; and
7. Further to request the World Bank to take into full account the findings of the CFC audit report and to provide information on the historical development in the ownership of Produven in the project proposal for CFC production phase-out in Venezuela.