The End of Conflict Minerals on the EU Market?
11 Pages Posted: 10 Mar 2017 Last revised: 15 Jul 2017
Date Written: March 1, 2017
Minerals hold great potential for poverty alleviation for resource-rich developing countries. However, their presence can also fuel armed conflicts and undermine sustainable development, good governance and the rule of law. This policy brief analyses the EU’s response, the Conflict Minerals Regulation, to this particular problem. The Regulation aims to set up a system for supply chain due diligence in order to curtail opportunities for armed groups to trade in tin, tantalum, tungsten (the “3Ts”), their ores, and gold. As of 1 January 2021, this regulatory framework should enhance transparency and certainty regarding supply of European importers and global smelters and refiners from conflict zones and areas where a risk of armed confrontation or human rights violations exists. Furthermore, the policy brief discusses the legislative process that preceded the adoption of the Regulation and the potential future inclusion of more types of minerals within its scope, and concludes by highlighting future developments relevant for the effectiveness and success of the EU’s Conflict Minerals Regulation.
Keywords: EU law, conflict minerals, due diligence, responsible sourcing, csr, dodd frank, international trade, common commercial policy
JEL Classification: F13, K23, K42
Suggested Citation: Suggested Citation