
The United Nations Human Rights Council has approved a
resolution to start developing an international legally binding instrument on
transnational corporations and other business enterprises with respect to human
rights. The resolution, presented by the Plurinational State of Bolivia, Cuba,
Ecuador, South Africa, and the Bolivarian Republic of Venezuela, seeks to
establish an intergovernmental working group with the mandate of developing an
international legally binding instrument to regulate the activities of
transnational corporations.
Despite intense opposition from several powerful countries, the
resolution was finally adopted with 20 votes in favour, 14 against and 13
abstentions. All western states members of the Human Rights Council voted
against the resolution. The majority of developing countries, including most of
African states as well as China, India and Russia, voted in favour.