ASEANcham-EU’s Spring edition Newsletter
Dear Members, Partners, and Friends,
Spring is fully upon Europe, which also kicks start a host of festivities in ASEAN countries – starting with the Lunar New Year (or Tết), Holy Week and Easter (Mahal na Araw), the end of ramadan (Hari Raya Aidilfitri/Lebaran), and finally the Buddhist New Year (Songkran/Peemai/Thingyan) for Thailand, Cambodia, Laos and Myanmar.
Renewal of GSP for Philippines and EBA for Cambodia, Laos, and Myanmar
The European Commission voted in September 2021 to renew the Generalised Scheme of Preference (GSP) for the period of 2024 – 2027 with 6 new proposals to be added.
The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) watered down but proceeds towards implementation
The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) moves closer to being implemented, but not before being watered down at the European Council by some member states. The Directive will now have to be voted by the European Parliament before entering into force.