With this first edition of the EPMF newsletter in 2021, I wish you all a New Year full of joy, success and above all, good health.
In 2021, many challenges await us both at the EU political agenda level and that relating to conflict minerals regulations, responsible sourcing and due diligence.
The precious metals industry is a great supporter of a global level playing field and in particular with regard to responsible sourcing, human rights and social impact. The latter is vital, sustainability must be a part of all of our business thinking, as it is for the precious metals sector.
Transparency in the field of precious metals is essential to the public. As an example, on January 1, 2021, Swiss customs introduced a new breakdown of the WTO tariff HS 7108.12 in order to distinguish (within the framework of the import of raw gold for non-monetary use) between mining gold, bank gold (LBMA) and other gold products intended for smelting and refining.
This year EPMF will continue its cooperation with EU policy makers and non-institutional stakeholders. As a rule, joint forces can only benefit and strengthen both the EU and the precious metals sector.
Stay healthy, stay safe!
Cédric Léger, Member of the EPMF Board, ASFCMP, Switzerland