A decision is being taken (Thursday 30 June) which could influence the extent to which developing countries that trade with the EU are allowed to manage their raw materials. The European Parliament’s industry, energy and research committee (ITRE) will vote on the Commission’s updated Raw Materials Initiative.
The EU’s Raw Materials Initiative heralds a new bid for raw materials such as platinum, rare earths, wood and hides and skins. The Commission argues that these materials are essential to develop the EU’s future industrial competitiveness. However, Traidcraft believes the trade policies accompanying the initiative could further impoverish poor countries and pose a serious risk to the environment.
Traidcraft is also urging committee members not to be influenced by the short term interests of big business which wants access to cheap raw materials.
Traidcraft’s policy adviser, Rebecca Varghese Buchholz, says, "This is a great opportunity for the European Parliament to take a clear stance and ensure that Europe's business interests do not take priority over those of developing countries and over the impact on the environment. Europe is the world’s single biggest importer of raw materials. In a world of limited resources, the EU should concentrate on getting its own house in order – not on breaking down barriers to get its hands on developing countries’ raw materials."
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CONTACT: Di Harper on 020 7242 3955 or 07932 135 780
Rebecca Varghese Buchholz is available for interview or comment on 0207 242 3955 or 07878 240 418.
