The international auction price for WMP has fallen sharply from a peak of USD 5,200 per metric tonne in October 2013 to USD 2,400 per metric tonne now. 3  6  Based on Treasury’s December 2014 Economic and Fiscal Update.
What is important is that the other partner, IOSCO, is subsequently able to fulfil its part of the agreement. As national financial markets in an open global environment can no longer be protected by national rules alone, it is in the interest of all of us that international accounting standards are applied worldwide, especially in the emerging countries as well.