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Trade Rules are Increasingly Environmental, Social and Governance Rules

Logistics Viewpoints

Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. This article will focus on European Union trade regulations because the EU leads in this area.

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Regulations to Prevent Modern Slavery in Supply ChainsĀ 

Exiger Perspectives

By fostering a more ethical business environment, regulations aim to prevent and address modern slavery, promote responsible sourcing practices, and mitigate human rights abuses in supply chains. Image Source Noncompliance results in sanctions, including prohibition and seizure of relevant goods.

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New: Global Trade Map 2016

Supply Chain Movement

Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) are designed to boost economic growth through trade by opening markets by way of progressive removal of customs duties, eliminating or reducing trade barriers and tariffs, lifting restrictions on services and even through public procurement. Cape Verde. Cayman Islands.