The Federal Trade Commission (FTC) announced this week that it will host a forum on using enforceable industry codes of conduct to protect consumers involved in cross-border commerce. The November 29, 2012 forum will explore the establishment of voluntary codes of conduct that ensure companies in participating countries adhere to consistent privacy protection, food and product safety, and corporate social responsibility standards.
According to the FTC, the models for the discussion are systems like one created earlier this year to provide consistent privacy protections to consumers in the Asia-Pacific region. The FTC believes that these voluntary collaborations between industry, government and other groups are increasingly important as global commerce expands the number of areas that fall outside of traditional government oversight.
The forum will precede a conference sponsored by the American Society of International Law on the role of the private sector in shaping oversight of the global marketplace, which will be held at George Washington University Law School.
Click here to read the FTC’s press release.