A proposal is issued by the European Commission might prevent goods created using forced labor from being sold on the EU market.
Following an inquiry, national authorities will have the authority to revoke any applicable items created for both domestic use and exports or imports.
The prohibition must be put into effect by EU members using risk-based enforcement, which involves first identifying any potential problems by evaluating the dangers associated with forced labor.
When there are reasonable grounds to suspect that a product was created using forced labor, the authorities will launch an inquiry. If discovered, businesses will be told to remove the goods from the market, forbid their introduction, or get rid of them.
Before becoming law, the proposal must be examined and perhaps approved by the European Parliament and the Council of the European Union. 24 months after its arrival, if authorized, it will be put into effect.
In a press statement, the Commission stated that it will then produce recommendations covering due diligence and information on risk indicators within 18 months of the regulation's implementation.
Valdis Dombrovskis, executive vice president and commissioner for trade, said that tThis proposal will make a genuine impact in fighting modern-day slavery, which affects millions of people throughout the world.
He added that they have attempted to reduce the administrative load for enterprises, with a tailored strategy for SMEs. They'll also continue to strengthen their ties to international organizations and their partners throughout the world.
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A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
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