Written by 6:25 pm EU Investment

In the News: Forced Labor, Import Ban, U.S.-UK FTA, Investment Reviews

Standard launched for yarn makers to eliminate forced labor in cotton production

“The YESS standards will assist companies to comply with due diligence regulations, give consumers assurance that brands are using cotton produced with a low risk of forced labour, enable spinning and fabric mills to implement systems to eliminate risk, and encourage connection with local stakeholders to prevent and mitigate forced labour involved with cotton production.”

[JustStyle]

European bill passes to ban imports of deforestation-linked commodities

“The EU initially targeted six commodities whose production has long been associated with tropical deforestation: soy, beef, palm oil, timber, cocoa, and coffee. European parliamentarians, however, expanded the scope to include pork, lamb and goat meat, as well as poultry, corn, rubber, charcoal, and printed paper. Under the bill, any of these commodities found to be linked to lands deforested after Dec. 31, 2019, will be banned from import into the EU.“

[Mongabay]

Britain’s Truss doesn’t expect UK-US trade deal anytime soon

“Truss said she was more focused on obtaining accession to the Trans-Pacific trade partnership and striking trade deals with India and the Gulf Cooperation Council of states including Saudi Arabia and Qatar.”

[Associated Press]

Biden adds cyber, data, supply chain risks to CFIUS reviews

“According to the White House, the order is the first action of its kind to instruct CFIUS on specific risks to consider throughout the formal review process since it was established in 1975.”

[FCW]

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