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      US households feel squeeze despite slower inflation

      March 16, 2026

      US growth cut to 0.7% as January core inflation hits 3.1%

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      Gold climbs 0.7% with weaker dollar, yields lower

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    Home » European Union finalizes plans to block forced labor-made goods
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    European Union finalizes plans to block forced labor-made goods

    November 20, 2024
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    MENA Newswire News Desk: The European Union is on the verge of implementing a groundbreaking regulation to prohibit the sale of products made with forced labor across its 27 member states. This measure, approved by the Council of the EU, marks a significant step in the bloc’s efforts to combat human rights abuses in global supply chains. Initially proposed over two years ago, the regulation targets goods produced under conditions of forced labor, irrespective of whether they originate from within the EU or from international markets.

    European Union finalizes plans to block forced labor-made goods

    The measure is part of a broader EU agenda to promote ethical labor practices and strengthen its position as a leader in human rights advocacy. The regulation will take effect three years after its official publication in the EU’s register. Before its implementation, the European Parliament and the presidents of the Council and Parliament must provide formal signatures to finalize the legislative process. The law introduces a robust enforcement mechanism, empowering EU member states to identify and block products suspected of being linked to forced labor. Companies will be required to provide evidence of compliance with labor standards, ensuring that their goods meet ethical production requirements.

    Products found in violation of the regulation will be withdrawn from EU markets, creating significant financial and reputational risks for non-compliant businesses. This regulation aligns with the EU’s commitment to international labor standards outlined by organizations such as the International Labour Organization (ILO). It also reflects growing global awareness of the prevalence of forced labor, with estimates suggesting that tens of millions of people worldwide are subjected to exploitative working conditions.

    The initiative has been met with support from human rights organizations, which see it as a critical step toward reducing forced labor practices in industries such as textiles, agriculture, and technology. However, business groups have raised concerns over the practical challenges of tracing labor practices throughout complex global supply chains. As the EU moves closer to finalizing this legislation, its enforcement is expected to ripple across global markets, influencing international suppliers and manufacturers to enhance transparency and ethical practices. The measure underscores the EU’s resolve to uphold labor rights and promote accountability in global trade.

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    US households feel squeeze despite slower inflation

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