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Article

22 Apr 2013

Author:
Simon Bradley, swissinfo.ch

Activists remain upbeat over commodities reforms

Swiss non-governmental organisations are optimistic that...momentum will lead to reforms of the commodities sector, despite the voluntary nature of the government’s recent white paper...If campaigners are not convinced the Swiss recommendations will go far enough to put a stop to firms’ dealing with dubious regimes, or lead to greater transparency of financial transactions, they at least remain certain that further regulation is in the pipeline...In December 2012 the House of Representatives called on the government to draft a national strategy to implement the so-called “Ruggie Rules” - guidelines to strengthen the human rights performance of businesses around the world...Activists also welcome parliament’s commissioning of a comparative law study on human rights due diligence to see whether further legislation is necessary...[Campaigners say] "Switzerland’s real contribution would be to introduce a law that covers...both the extraction and trading activities.”[Refers to Cargill, Glencore, Trafigura, Vitol]

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