Press Release

Conflict Minerals Regulation: efficient and SME-friendly

Strasbourg
, 15.03.2017 - 17:05
Collection of semiprecious stones and minerals

"The vicious circle has now been broken", said Iuliu Winkler MEP during today's debate on the Conflict Minerals Regulation in the European Parliament. The importers of tin, tantalum, tungsten and gold (3T&G), the so-called conflict minerals, will have to carry out mandatory due diligence checks on their suppliers and prevent armed revolts or human rights violations being financed by the illegal revenue from minerals extraction and trade. "The interests of communities and people caught in war and conflict are our priority. The new Conflict Minerals Regulation has the power to improve reality on the ground in war zones", said Winkler, the Parliament's Rapporteur.

The recognition of due diligence schemes proposed by industry associations and responsible sourcing partnerships has become the central element of the Conflict Minerals Regulation. All industry initiatives have to comply fully with the international OECD due diligence guidelines elaborated to help companies respect human rights and avoid contributing to conflict financing. "It is important that all companies whose products contain tin, tungsten, tantalum or gold in their supply chain will be encouraged to monitor their sources. Compulsory checks for importers will ensure that minerals or metals sold on the European market are not used to finance conflicts, particularly in mineral-rich countries affected by conflicts or war", explained Winkler. The European Commission had originally proposed a voluntary system of checks, but Parliament enforced the Regulation which now provides for mandatory due diligence for the European smelters, refiners and importers of minerals and metals.

Conflict Minerals are used in the production of many high-tech devices in Europe. To protect SMEs and minimise bureaucracy and red tape, the Regulation offers an exemption for the smallest importers, like dentists and jewellers, based on a threshold system. “Our aim was to create an efficient and workable Regulation, and we fully succeeded. Now we will carefully monitor the uptake by European companies and if necessary, we will adjust the system making use of the powerful review clause included in the provisions of the Regulation”, concluded Iuliu Winkler.

Note to Editors
The EPP Group is the largest political group in the European Parliament with 217 Members from 27 Member States

MEP Contacts

-
Iuliu WINKLER
STR - Phone: +33 (0)3 88 175406 Fax: +33 (0)3 88 179406
Email: iuliu.winkler@europarl.europa.eu

Press Contacts

Meike Bogdan
(Former staff member)
Press Relations International Trade, Culture and Education, Agriculture and Rural Development, Germany, Luxembourg
Eugen Sandu
Press Relations Romania
Phone: +32 472 547 584

Latest

Anaconda, polish helicopters
19.06.2018 - 10:11

A long-overdue €500 million upgrade of EU defence

“It is high time that the European Union steps up its game on defence and develops a truly common approach. Member States are used to working...
EU trade relations, tackling migration, civil aviation safety
14.06.2018 - 12:00

EU trade relations, tackling migration, civil aviation safety

During the latest plenary session, MEPs debated EU trade relations, how to tackle migration and new civil aviation safety rules. The EPP Group...
Climate change
14.06.2018 - 10:44

Renewables deal win for affordable, climate-friendly energy

"The agreement to boost renewables in the energy mix to 32 percent at EU level by 2030 will help us provide secure, affordable and climate-...
Tax
13.06.2018 - 18:32

Tax transparency: Member States need to end stalemate

"The EPP Group wants multinational companies to disclose profit shifting to low-tax countries. For that, EU Member States need to end their...

Highlights of the week

18.06.2018 - 22.06.2018
photo of application icons

Copyright in the Digital Single Market

On Wednesday 20 June, Members of the Legal Affairs Committee will vote on the long-awaited Copyright Directive. The EPP Group seeks a balance between...
Anaconda, polish helicopters

€500 million towards stronger EU defence

An increase in cooperation in the defence industry and strengthening the competitiveness of the EU defence industry are core priorities. On Tuesday,...
Cow

Veterinary medicinal products

On Wednesday, the Environment Committee will confirm the agreement on veterinary medicinal products reached between the European Parliament,...
Manfred Weber