💨 Abstract

The leaders of France and Germany have urged the European Union to scrap its new supply chain audit law, fearing it could impede the bloc's economic competitiveness against the U.S. and China. The law mandates large companies to ensure their supply chains are free from forced labor and environmental harm. French President Emmanuel Macron and German Chancellor Friedrich Merz have advocated for its removal, citing concerns over excessive bureaucracy.

Courtesy: theprint.in