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Article

18 Oct 2011

Author:
Thierry Vircoulon, Intl. Crisis Group in Christian Science Monitor [USA]

Europe can improve upon US's 'conflict minerals' legislation: ICG

The European Union is debating how best to handle the issue of conflict minerals. International Crisis Group says it should not merely follow in the United States' footsteps, but go further...The real goal should not be to simply follow Dodd-Frank or “Europeanise” it. The EU’s version should go further by addressing the weaknesses of the American act – complementing regulation by the market with a political and developmental approach that is currently lacking...Europe must not only demand transparency for companies that operate in conflict areas, but it must also work towards the socio-economic well-being of the mining communities and complement regulation by the market with political dialogue in producer countries and Asia.