We commit to intensify our efforts under the CONNEX Initiative, to provide developing country partners with multi-disciplinary and concrete expertise for negotiating complex commercial contracts, focusing initially on the extractives sector. The current downturn in commodity price underlines the importance of negotiating good contracts to help developing countries secure fair revenues from their natural resources. We endorse the CONNEX Guiding Principles towards Sustainable Development, designed to facilitate the mobilization of domestic resources in developing countries, contributing to the achievement of the SDGs. We commit to align CONNEX with existing initiatives to build capacity in developing countries and to improve governance and transparency in extractives sectors. Further progress will be sought in close partnership with relevant stakeholders including through the Negotiation Support Forum established with the OECD and the CONNEX International Conference on Capacity Building and Transparency to be held in Tokyo. G7 Accountability We remain committed to holding ourselves to account, in an open and transparent way, for the promises we have made. We welcome the Ise-Shima Progress Report – the third comprehensive report on our development-related commitments. The Report highlights the important contribution that the G7 is making to the implementation of the 2030 Agenda. Positive achievements are seen in areas such as Health, Food Security, Education and Governance. We will continue to monitor progress against our commitments. Conclusion We look forward to meeting under the Presidency of Italy in 2017. 32