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BRUSSELS – Proposed EU laws which would hold companies accountable for supply chain violations have been dealt a major blow after failing to achieve final approval by the European Council. Objections to the proposed laws were received from countries including Germany and Italy, despite a provisional agreement on the regulation reached earlier by the Council with the EU Parliament.

Heidi Hautala, vice president of the European Parliament, called the lack of progress, “a sad day for human rights, the environment and the competitiveness of European businesses.”

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