EPP: Conflict Minerals: new Regulation to stop profits from trade

We are now a step closer to putting an end to profits from the trade of minerals like tin, tantalum and tungsten, their ores, and gold (3TG) which are used to fund armed conflicts.

“After the successful conclusion of a long and complicated negotiation process with the Member States, we made one more important step today by voting with a solid majority on the Conflict Minerals Regulation compromise text”, said Iuliu Winkler MEP, Rapporteur for the Conflict Minerals Regulation.

The EPP Group has achieved its goal: an efficient and workable Regulation based on shared responsibility.

“We, the EPP Group, want to break the link between mineral extraction, trade and the financing of armed conflicts. We want a transparent Regulation and long-term, sustainable effects. Our main concern is the safety and prosperity of the people and communities in conflict areas, since prosperity and stability are interlinked. Stability in civil war and conflict areas, and prosperity in Africa means less incentive for the migratory flows towards Europe”, concluded the Rapporteur.