 The compact provides a new reference point for actors working on migration, including IOM itself. Though not legally binding, it is a comprehensive framework that offers both state and non-state actors the guiding principles for cooperating on migration and sharing responsibility for those who migrate. In these, it joins the 2030 Agenda for Sustainable Development in setting out foundational objectives for the global community, which is further facilitated by a number of consultative and dialogue processes, not least the one for which we have come here together today.