Following up on its recent webinar about U.S. regulations on forced labor, the Ministry of Economic Affairs (MOEA) hosted a webinar on December 17 pertaining to the EU's Forced Labour Regulation. The initiative aims to provide Taiwanese businesses with a comprehensive understanding of the regulatory landscapes in both the U.S. and EU markets, thereby bolstering corporate compliance and enhancing the ability of Taiwan's industries to manage sustainability.

Legal experts from the EU-based law firm Van Bael & Bellis detailed the scope of coverage under the EU's Forced Labour Regulation, its enforcement mechanisms, and its interrelation with other EU due diligence regulations to help firms reduce risks in international trade.

The webinar attracted over 300 participants from government, academia, Taiwan's main export sectors to the EU (e.g., semiconductors, electronics, machinery, etc.), as well as think tanks and human rights groups, thus demonstrating the critical importance domestic stakeholders place on labor rights and supply chain compliance.

To remain competitive, Taiwanese businesses must align with global labor standards by enhancing supply chain transparency and risk management in response to stricter international regulations.