Comments by "Aaron Okeanos" (@AaronOkeanos) on "What will the EU's new supply chain law mean for european companies? | DW News" video.

  1. I think the impact for companies is lower than companies think. The EU already applies Rules-of-Origin for goods coming from outside the EU or via Free-Trade Agreements. Extending this documentation by two additional components shouldn't be so hard. This is also one more reason to source components from within the EU or countries with Free-Trade Agreements (since these new requirements will be included) instead of relying on imports from questionable sources in 3rd countries. And thirdly the "Brussels-Effect" meaning rules to trade with the EU are exported to all countries doing bussiness with the EU leading to improvements in these countries who seek to do bussiness. A smart way to make the world better by greed (the wish to sell in the EU). Encouraging these countries to adopt these policies in order to continue or expand bussiness. It also improves competition and fairness worldwide with countries who already adhere to the rule and make their products more interesting and competetive as potential sources for EU companies and helps leveling the playfield and rewards environmental friendly innovations stronger. Next step should be including Climate Gas emission footprint to encourage Green Energy and Green Production, fair taxation and labour laws.
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