The 2007 Visual Arts Summit opened with the announcement that the Canadian Art Museum Directors Association (CAMDO), Canadian Museums Association (CMA), Canadian Artists' Rights/Front de representation des artistes canadiens (CARFAC) and le Regroupement des artistes en arts visuels du Québec (RAAV) had reached an agreement regarding exhibition fees for professional artists. The following is an excerpt from the press release:
A landmark agreement has been reached for the first time in over 40 years between the museum community and artists' organizations over fees for exhibition of artists' works. The agreement puts an end to a long-standing impasse and will lead to a new era of cooperation.
The new streamlined fee schedule goes into effect on January 1, 2008 for a 5-year term and soon will be posted on the partners' websites. It is simplified for ease of administration and provides useful definitions. It will be adjusted annually by a 3% increase.
Most importantly, the parties agreed to pursue the establishment of a new Exhibition Right Fund, similar to the highly successful Public Lending Right Fund, which provides compensation to authors of books used in public libraries. When the new Exhibition Right Fund is established the fee schedule will be renegotiated at that time.