Author Topic: EU NOT EXPECTED TO REGULATE CONFLICT DIAMONDS UNTIL MID-2016  (Read 1006 times)

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Offline mayya

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EU NOT EXPECTED TO REGULATE CONFLICT DIAMONDS UNTIL MID-2016
« on: November 05, 2015, 13:23:45 PM »
REPORT: EU NOT EXPECTED TO REGULATE CONFLICT DIAMONDS UNTIL MID-2016
28.10.15, 11:39 / World
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EU

A source familiar with the EU Council proceedings regarding conflict diamonds has suggested to The National Law Review that the Council won’t reach a consensus on regulations until mid-2016.

The Council of the EU is currently developing its position on the conflict minerals regulation as proposed by the European Parliament on May 20, 2015. The Council working group met in September. The presidency of the Council (which rotates between EU member states every six months) is held by Luxembourg until December 2015, during which the Council aims to reach a position on the draft regulation.

Once this position is reached, trialogue negotiations with the Parliament and the Commission will begin, but these are not likely to begin until early 2016.

http://en.israelidiamond.co.il/News.aspx?boneID=918&objID=16426