[HIGHLIGHTS] For the time being, there is no majority in sight for the EU supply chain law

For the time being, there is no majority in sight for the EU supply chain law. There was actually already a political agreement, but concerns from the FDP caused the project to falter again.

The EU Supply Chain Act aims to hold large companies accountable if they profit from child or forced labor outside the EU. Larger companies should also be more obliged to comply with the Paris climate goals to limit global warming. However, business associations recently spoke out against the EU SupplyChain Act. In a letter to Chancellor Olaf Scholz (SPD), they warned that companies could withdraw from Europe.