The United States and the European Union have confirmed their commitment to tackling the problem of forced labor in international supply chains, issuing guidance for companies active in international trade.
The US Treasury’s Office of Foreign Assets Control (“OFAC”) has focused on the Xinjiang region with “Risks and Considerations for Businesses and Individuals with Exposure to Entities Engaged in Forced Labor and other Human Rights Abuses linked to Xinjiang, China”. The guidance reads: “[Bu...
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