- The EU Council has adopted a Regulation on prohibiting products made with forced labor on the European Union market.
- The Regulation bears similarities to, and is likely to leverage information collected in light of, the US’s Forced Labor Prevention Act (USFLPA).
- EU Regulations have direct effect, meaning the legislation would not have to be transposed into domestic laws. The Regulation may be supplemented by domestic laws in certain areas (e.g., enforcement policies and penalties).
Source EY