UPDATE: European Union Conflict Mineral Negotiations Resume in June

UPDATE: European Union Conflict Mineral Negotiations Resume in June

Dutch Foreign Trade and Development Cooperation Minister Lilianne Ploumen has shed some light on the ongoing European Union (EU) conflict minerals negotiations.

Ploumen spoke to the media on May 13th after a meeting of the Foreign Affairs Council (Trade) in Brussels, and provided an update on the current status of the negotiations. According to her update, there has been an “increasing convergence of views” between the EU Parliament, Commission and Council since the beginning of negotiations on February 1st.

The three parties agree in principal on mandatory due diligence for the largest importers of tin, tantalum, tungsten and gold (3TGs) in accordance with the Organisation for Economic Co-operation and Development (OECD) standards for responsible business conduct. The issue that remains in question is how to deal with companies importing processed products that contain 3TGs.

Ploumen said she expects the fourth trialogue meeting between the three parties to happen in early June.

The Dutch Presidency had initially hoped to pass the EU conflict mineral regulation during its term which ends in June. Slovakia is next in line for the office and have stated they intend to make this a priority during their six-month term.

More updates will be shared as they become available. Contact our regulatory experts at info@assentcompliance.com with questions or comments regarding the EU conflict mineral law.