GlobalAutoTV
Click to watch Dr. Juergen Weber -
Click to watch Dr. Juergen Weber -
euro resources


Need an office in Europe or Eastern Europe? Office suites, meeting rooms, virtual offices, network access




free downloads
EUROPE: "How UK Patent Box looks set to benefit business" review

EUROPE: "How UK Patent Box looks set to benefit business" review. 3-page review by Deloitte.

proceed to download
eJournals




back to index backEUROtalk March,  2017


EU: Parliament adopts binding law on conflict minerals

MEPs today (16 March) adopted a new law obliging importers of minerals to ensure that their business does not contribute to armed conflicts in certain areas of the world. EURACTIV France reports.

After two and a half years of debate, the European Parliament on Thursday definitively adopted the new rules on mineral imports from conflict zones, which will come into force in 2021.

This new law, which will apply across all EU member states, will oblige importers of tungsten, tantalum, tin and gold to ensure their supply chains are not linked to armed conflicts in the Democratic Republic of Congo (DRC) or in Africa's Great Lakes region, where mines are often controlled by armed groups.

Binding traceability requirement

All European importers, from refineries to foundries, will be bound by this duty of care, with the exception of very small operations.

"Tungsten, tantalum, tin and gold are used in many objects like telephones and cars. We cannot allow the minerals that make up our everyday objects to be fund conflicts. It was urgent to put an end to this situation," said French MEPs Tokia Saïfi and Franck Proust (EPP group).

The text, which sparked intense debate in the European Parliament, is seen as a real step forward in product traceability and the fight against armed conflicts. But despite being binding, the law will neither apply to the whole supply chain, nor will it cover all importers.

Certain shortcomings, like the fact that manufactured products will not be subject to the traceability requirements, have left loopholes in the system.

Green MEP Yannick Jadot highlighted the problems posed by the "downstream businesses" that manufacture tablets or smartphones using some of the materials targeted under this law. "During the law's passage through Parliament, we managed to get the duty of care extended to cover all the actors in the chain. But this was dropped during the trialogue negotiations," he said.

"But we managed to obtain a revision clause that will allow us to extend the law in the future," he added.

Dodd-Frank law up in the air

Another shortcoming highlighted by Amnesty International is the law's narrow scope. "This law only covers four minerals and omits other resources, like cobalt, which can be linked to serious human rights violations. We now expect the European Union to strengthen this legislation to make it binding on a larger number of businesses," the NGO stated.

The timing of today's vote is significant. US President Donald Trump in February announced his intention to review some of the provisions of the Dodd-Frank law, which governs mineral imports to the US and on which the EU's own law is based.

"At a time when the United States is stepping back, with President Trump announcing he will unpick the Dodd-Frank law, it is vital for Europe to put its foot down on the issue of the corporate responsibility of muntinationals," said socialist MEP Emmanuel Maurel.

Source: Euractiv.com - GAI



previous page

go top
search our site


Loading

EUROtalk

Other articles from the same issue (March,  2017).

New look for Europe's car manufacturing industry
play read on

WardsAuto: U.K. Government, Auto Industry Gather to Talk Tech
play read on

Autos: European Demand on Strong Trajectory to Begin 2017
play read on

WardsAuto: 2017 Geneva Auto Show: Shots From the Floor
play read on

PwC predicts growth for the Russian automotive markets in 2017
play read on

Car Manufacturing Gloom: The Pro-EU Campaign's Worst Nightmare Becomes Reality As Hard Brexit Looms
play read on

German car makers will build more than 100,000 electric cars this year
play read on

Third of manufacturing firms want to move some operations out of UK after Brexit, report warns
play read on

Labour drought in Europe's east as workers go west
play read on

Uncertainty clouds German firms' US outlook
play read on

Joint Declaration for an ambitious EU industrial strategy
play read on

Group Financing in Switzerland to Become More Attractive
play read on

UK: Is ‘reshoring' the answer to Brexit uncertainty?
play read on

CJEU rules on subject-to-tax requirement of Parent-Subsidiary Directive
play read on

Britain seeks to plug skills shortages sapping productivity
play read on

Spain: Changes Introduced for Electronic Means in Handling VAT
play read on

Belgium: Benefit in kind for free housing granted by a company ruled unconstitutional by two Courts of appeal
play read on

German steelworkers strike benchmark pay deal
play read on

Doing Business in the Czech Republic 2017
play read on

Doing Business in the Slovak Republic 2017
play read on

Europe lags the world in chip manufacturing equipment investment
play read on

What is on the minds of CEOs in Central & Eastern Europe?
play read on

Italy: Implementation Guidelines On New Beneficial Tax Regime for New Residents
play read on

EU: Parliament adopts binding law on conflict minerals
play read on

Poland: New tax super deduction for R&D in annual corporate tax returns for 2016
play read on

5 Reasons Germany Isn't Suffering in the 21st Century
play read on

Eurozone economy back on track
play read on

Losses from white-collar crime in Switzerland in the billions
play read on

German youth lack digital literacy
play read on

France: Molière clause threatens to sink posted workers reform
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120