Many large extractive-industries companies from the BRICS are not listed in Hong Kong, the EU or the US and are thus not covered by the revenue transparency rules in force in these jurisdictions. EITI membership for the BRICS would close this gap and establish a level playing field among major extractive companies worldwide. Table 1 displays significant differences in transparency performance related to their extractive industries.
BRICS’ Resource Governance Index ranking and component scores
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