35 Taiwan Sporting Goods Manufacturers Association Dr. Jochen M. Schaefer Legal Counsel The World Federation of the Sporting Goods Industry IMPORTANT TO KNOW: How May New European and German Supply Chain Law Initiatives Could Affect Taiwanese Manufacturers and Suppliers Introduction: Taiwanese sporting goods manufacturers and suppliers with customers abroad had to struggle with numerous challenges during the last few years, such as the global Covid 19 pandemic, rising inflation rates or price increases and shortages of raw materials needed for the production of sporting goods including bicycles and electronic components for variables, etc. The European lawmakers in particular at European commission and Parliament level have been tireless to come up with new regulations and directives in particular in the environmental, social and governance (“ESG”) areas. The reputed German daily newspaper Handelsblatt stated in an article published on October 16, 2024, that the EU has enacted 13,000 new laws in the past five years. while the US legislators at federal level have ‘only’ passed 5,000 laws within the same period……….
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