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Abstract: Over the last few years, European NGOs were very successful in raising awareness about international trade in minerals funding armed conflicts around the world. In May 2017, after more than three years of negotiation, the European Union signedthe new Conflict Minerals Regulation. Atfirst glance, this Regulation demonstrates ‘ethical’ or ‘normative’ power: The EU uses its commercial power to promote norms of international peace and security, accepting prospectively higher prices for importsof minerals. The Regulation also supports a recentring of the state after two and a half decades of economic liberalization. However, the EU only follows and lags behind the 2010 US Dodd-Frank Act section 1502. The article shows that the EU doesnot reject collective norms, but is incapable or unwilling to put a tight rein on domestic businesses. The new EU Conflict Minerals Regulation stands only for symbolic normative power
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