EU to ban sale of products made with forced labor
By 
Ruth Prickett2024-03-08T15:20:00
The European Union this week announced an agreement to ban products made with forced labor, a decision that will oblige organizations to track and declare more information about their supply chains for goods entering EU markets.
A framework to enforce the ban will give the European Commission new investigatory powers based on technological solutions and cooperation with other authorities and countries. Products that are found to have been made using forced labor will not be allowed to be sold within the European Union, either directly or online. They might be confiscated at the borders, and companies that do not comply will be fined.
“Goods of strategic or critical importance for the Union may be withheld until the company eliminates forced labor from its supply chains,” European Parliament said in a press release Tuesday.
Related articles
-
PremiumU.K. border controls on EU goods evoke supply chain disruption concerns
The imposition of full border controls on goods entering the United Kingdom from the European Union will affect importers and their EU suppliers, and both are advised to prepare for increased checks, possible delays, and new charges.
-
PremiumPolicy changes underscore need for enhanced child labor due diligence
Rooting out potential child or forced labor violations in your company’s supply chain can have benefits beyond protecting reputation and being ethically sound. The process can also help your firm comply with pending child labor laws in other jurisdictions.
-
PremiumWant to be an ethical supply chain influencer? It’s all about the ‘collab’
Supply chain and ethics and compliance professionals could take a page out of the social media influencer playbook and look to collaborate with suppliers more to create their own win-win scenarios.
More from Regulatory Policy
-
News BriefEuropean Commission unveils a simpler, more competitive EU Single Market, but businesses remain skeptical
The EU’s new strategy aims to boost SME growth and cut market barriers, but businesses doubt reforms will happen, and consumer groups fear weaker data protections.
-
News BriefFHFA chief orders Fannie and Freddie to consider crypto assets in mortgage assessments
In another sign of President Donald Trump’s focus on cryptocurrency, the head of the U.S. Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to create proposals to consider crypto assets for a single-family home mortgage.
-
ArticleEU, UK agree to reset rules on agrifoods, mergers and carbon trading as part of post-Brexit reset
Four years after Brexit, the U.K. and EU announced a “reset” that will ease barriers to importing and exporting food, drink, and agricultural produce. It may also harmonize rules around carbon emissions trading systems, simplifying compliance for multinational organizations that are large emitters, and enable more young people to gain ...