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Supply chain law: BDI calls EU Parliament ‘out of touch with reality’

The Federation of German Industries (BDI) accused the European Parliament of a lack of practical relevance in the drafting process of the EU-wide supply chain law. “The EU Parliament seems to lack a sense of proportion for the competitiveness of European companies in the crisis,” BDI President Siegfried Russwurm said on Thursday. The scope across the entire value chain is “far removed from reality,” he said. He called for a more limited scope of the legislation, which is expected to have far-reaching effects on business in China. “Mandatory legal requirements must be limited to direct suppliers. Otherwise, they cannot be implemented in daily practice,” Russwurm said.

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