Swiss regulation of commodity trade long overdue – SWI


The resource curse refers to the paradox that countries with an abundance of natural resources, tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources

(Keystone)

Several global commodity traders that call Switzerland home have been repeatedly accused of violating human rights and environmental standards. Andreas Missbach of the NGO Public Eye believes the Responsible Business Initiativeexternal link is necessary for reining them in.

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Five years after releasing its background report on commodities, the Swiss government published a reassessment of the situation at the end of November – “The Swiss commodities sector: current situation and outlook”external link. Despite numerous scandals involving commodity firms in Geneva and Zug, the Federal Council has once again missed the opportunity to

... read more at: https://www.swissinfo.ch/eng/opinion_swiss-regulation-of-commodity-trade-long-overdue/44601712

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