{"id":176134,"date":"2024-03-21T18:36:46","date_gmt":"2024-03-21T17:36:46","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/176134\/"},"modified":"2024-04-26T10:17:21","modified_gmt":"2024-04-26T08:17:21","slug":"designing-eu-supply-chain-regulation","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/176134\/","title":{"rendered":"Designing EU Supply Chain Regulation"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-176134","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The EU Directive on Corporate Sustainable Due Diligence has sparked fierce debate about the regulations of supply chains. The Directive's objectives are aligned with European values. Assuming that enforcements of social and environmental rules are absent in certain third countries, it privatises compliance costs in complex supply networks. This paper suggests options to make the Directive more effective and efficient. It should exclude countries with a sufficient regulatory system and focus not on the entire network but on supplier-buyer relationships only. Public agencies should set harmonised regulatory standards, interpret the regulations and organise a private certification scheme in which liabilities are assumed by certification companies. 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The Directive's objectives are aligned with European values. Assuming that enforcements of social and environmental rules are absent in certain third countries, it privatises compliance costs in complex supply networks. This paper suggests options to make the Directive more effective and efficient. It should exclude countries with a sufficient regulatory system and focus not on the entire network but on supplier-buyer relationships only. Public agencies should set harmonised regulatory standards, interpret the regulations and organise a private certification scheme in which liabilities are assumed by certification companies. The proposed system resembles the market for financial auditors.\\\",<\\\/div><div>  keywords = \\\"EU, Supply Chain, Due Dilligence, Regulation, Firm, International Trade\\\",<\\\/div><div>  author   = \\\"Gabriel Felbermayr and Klaus Friesenbichler and Markus Gerschberger and Peter Klimek and Birgit Meyer\\\",<\\\/div><div>  note     = \\\"Designing EU Supply Chain Regulation\\\",<\\\/div><div>  year     = \\\"2024\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  day      = \\\"15\\\",<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Designing EU Supply Chain Regulation<\\\/p><p>AU  - Felbermayr, Gabriel<\\\/p><p>AU  - Friesenbichler, Klaus<\\\/p><p>AU  - Gerschberger, Markus<\\\/p><p>AU  - Klimek, Peter<\\\/p><p>AU  - Meyer, Birgit<\\\/p><p>N1  - Designing EU Supply Chain Regulation<\\\/p><p>PY  - 2024\\\/1\\\/15<\\\/p><p>Y1  - 2024\\\/1\\\/15<\\\/p><p>N2  - The EU Directive on Corporate Sustainable Due Diligence has sparked fierce debate about the regulations of supply chains. The Directive's objectives are aligned with European values. Assuming that enforcements of social and environmental rules are absent in certain third countries, it privatises compliance costs in complex supply networks. This paper suggests options to make the Directive more effective and efficient. It should exclude countries with a sufficient regulatory system and focus not on the entire network but on supplier-buyer relationships only. Public agencies should set harmonised regulatory standards, interpret the regulations and organise a private certification scheme in which liabilities are assumed by certification companies. The proposed system resembles the market for financial auditors.<\\\/p><p>AB  - The EU Directive on Corporate Sustainable Due Diligence has sparked fierce debate about the regulations of supply chains. The Directive's objectives are aligned with European values. Assuming that enforcements of social and environmental rules are absent in certain third countries, it privatises compliance costs in complex supply networks. This paper suggests options to make the Directive more effective and efficient. It should exclude countries with a sufficient regulatory system and focus not on the entire network but on supplier-buyer relationships only. Public agencies should set harmonised regulatory standards, interpret the regulations and organise a private certification scheme in which liabilities are assumed by certification companies. The proposed system resembles the market for financial auditors.<\\\/p><p>KW  - EU<\\\/p><p>KW  - Supply Chain<\\\/p><p>KW  - Due Dilligence<\\\/p><p>KW  - Regulation<\\\/p><p>KW  - Firm<\\\/p><p>KW  - International Trade<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Designing EU Supply Chain Regulation - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/176134\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Designing EU Supply Chain Regulation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/176134\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-26T08:17:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/176134\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/176134\\\/\",\"name\":\"Designing EU Supply Chain Regulation - 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