“EU Approves New Regulation Banning Forced Labor Products: Decision Passed by a Large Majority in the European Parliament with a Three-Year Implementation Deadline”
The European Union is focusing on a new initiative aimed at eliminating forced labor from its supply chain. With the approval of a new regulation by the Parliament, the EU has decided to ban the sale of products produced with forced labor. This initiative has significant implications for both companies and consumers.
The new regulation allows member state authorities and the Commission to investigate suspected goods and supply chains. If a product is found to be produced using forced labor, its sale in the EU market is prohibited, and shipments will be stopped at the Union’s borders.
Companies producing goods with forced labor face severe consequences. These include the withdrawal of their products from the EU market and the imposition of fines. However, the resale of products is permitted if the company eliminates the use of forced labor from its supply chains.
This new legislation is a significant step towards eradicating forced labor and ensuring fair working conditions globally. With this initiative, the EU demonstrates its commitment to the values of justice and human dignity, as well as the protection of workers’ rights worldwide.
The regulation was approved with 555 votes in favor, 6 against, and 45 abstentions, representing broad support at the European Parliament level. The text must now receive final official approval from the Council. Following this, the regulation will be published in the Official Journal, and EU countries will have three years to begin implementing it. This process is vital for achieving the regulation’s objectives and enforcing the new measures to strengthen the fight against forced labor in the EU.
With this new initiative, the European Union demonstrates its determination to act against the humanitarian crisis of forced labor and to promote a fairer and more sustainable future for all.
Source: europarl.europa.eu
