Conflict Minerals: Key Points Regarding the New European Union Conflict Minerals Agreement

Nov 29, 2016 | Sarah A. Altschuller, Foley Hoag LLP
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On November 22, the Presidency of the European Council and the European Parliament announced agreement on the text of a new conflict minerals regulation. The agreement is based on the “political understanding” that was previously announced in June. On December 7, the text will be presented for approval to ambassadors of E.U. member states. Final adoption by the Council is expected to occur in early 2017 and a final vote by the Parliament is expected in the first six months of 2017.