Political deal on EU forced-labor ban stresses risk-based approach, EU companies’ external value chains

By Oscar Pandiello ( March 5, 2024, 17:00 GMT | Insight) -- The use of forced labor within EU companies’ value chains will be identified and investigated by the European Commission if suspected cases concern countries outside the bloc’s borders, according to a deal reached today by the EU’s co-legislators. The EU’s executive arm will also oversee the establishment of a database containing “verifiable and regularly updated information” about forced-labor risks, while national authorities will only lead investigations if the risks are in their territory.The use of forced labor within EU companies’ value chains will be identified and investigated by the EU Commission if suspected cases concern countries outside the bloc’s borders, according to a deal reached today by the EU’s co-legislators....

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Political deal on EU forced-labor ban stresses risk-based approach, EU companies’ external value chains

Prepare for tomorrow’s regulatory change, today

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