The COVID-19 pandemic is placing a burden on economies worldwide. Only multilateral responses will mitigate its economic impact and set the course for a sustainable recovery.
Within the scope of a monitoring process being carried out between 2018 and 2020, the Federal Government is reviewing to what extent companies based in Germany are meeting their due diligence obligations anchored in the NAP. The second Interim Report is now on the table, the 2020 survey is underway.
To protect public health, many countries have put entry restrictions and quarantine measures in place. The German Government is working to ensure that supply chains, and especially international cargo flights, are not interrupted by this.
The Council of the European Union has approved the ambitious free trade agreement with Viet Nam. Industrial tariffs can thereby soon be eliminated, and binding high standards for climate change mitigation, employee rights and fair competition will be put in place.
Fair trade needs rules and procedures for resolving disputes. To overcome a blockade at the World Trade Organization (WTO), the EU and 15 other countries have agreed on an alternative dispute settlement mechanism.