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The European Commission has formally adopted a non-binding code of conduct for nanotechnology and nanosciences (N&N) that includes the precautionary principle, calling on European Union member states to use the guidelines as the basis for nanotechnology research oversight.
The EU code of conduct, adopted February 8, 2008 is based on seven principles covering issues such as precaution, sustainability, and accountability, and is designed to apply to universities, research institutes and companies, the Commission said in a statement.
The seven principles outlined in the code of conduct state the following:
EU officials previewed the code of conduct at a conference in Brussels in December, saying it would be applied for all nanotech research carried out using EU funding. Under the European Union's flagship research and development funding program known as the Seventh Framework Program, roughly $5.1 billion will be spent between over the next five years on joint nanotechnology research projects carried out by EU institutions and organizations.