Close  
  • share this

Switzerland seeks more clarity on gold trade amid rights concerns

/ 08:21 PM November 14, 2018

Image: INQUIRER.net

GENEVA — Switzerland’s executive is calling for greater transparency and information about imports of gold into the rich Alpine country, warning that the industry has been linked to human rights violations and other wrongs like environmental damage.

The Federal Council issued a report on Wednesday about the implications of the gold market on human rights violations in a country that prides itself on respecting human rights and whose refineries can churn up to 40 percent of the world gold-smelting capacity.

ADVERTISEMENT

Switzerland has imported 65 billion-109 billion Swiss francs (dollars) of gold per year over the last five years from 92 different countries, it said.

The report warned of the industry’s impact on “poor treatment of employees and contract workers,” indigenous peoples’ lifestyles, local communities, environment and “threats to the state of law.” /kga

FEATURED STORIES

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: environment, Gold, Indigenous, International news, IP, Mining, news, rights, Switzerland, Trade, world, world news
For feedback, complaints, or inquiries, contact us.



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.