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"Additional initiatives" [2005] ELECD 320; in Tully, Stephen (ed), "International Documents on Corporate Responsibility" (Edward Elgar Publishing, 2005)

Book Title: International Documents on Corporate Responsibility

Editor(s): Tully, Stephen

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781843768197

Section: Chapter 97

Section Title: Additional initiatives

Number of pages: 1

Extract:

97. Additional initiatives

i. EU: Code of Conduct for Arms Exports, 1998


Commentary: The Code identifies eight considerations relevant to issuing export
licences for military equipment. These include: respect for existing international legal
commitments; the risk that exports may be used for internal repression or violating
human rights; the likelihood of provoking or prolonging armed conflicts or aggravat-
ing existing tensions within States or regionally; national security interests; the
importing country's policies with respect to terrorism, crime, international legal
compliance and non-proliferation; the risk of equipment being diverted or re-
exported; and whether sustainable development will be hampered. Furthermore: `It
is recognised that Member States, where appropriate, may also take into account the
effect of proposed exports on their economic, social, commercial and industrial inter-
ests, but that these factors will not affect the application of the above criteria' (para-
graph 10). The Code has recently been reviewed for the first time: see the Sixth
Annual Report (2004) OJEC C316/47. See also, the European Council's Common
position 2003/468/CFSP on the control of arms brokering.