They argue that since EU countries have been evading their own arms embargo with increasing effect, U.S. interests will actually benefit if the embargo is replaced by an improved European code of conduct for arms sales.

CENTERFORSECURITYPOLICY: Arming China

The report, written by Romanian centre-right MEP Sebastian Bodu, urges the European Commission to come up with an EU-wide code of conduct to be followed by major European companies.

BBC: Corporate governance report

On Feb. 9, 2006, the European Union asked for a voluntary code of conduct to prevent offending Muslims.

CENTERFORSECURITYPOLICY: Center For Security Policy