Lindner: Supply Chain Act will apply to significantly fewer companies in future
The German Supply Chain Act has been a thorn in the side of the economy and the FDP for years. Companies complain about a high bureaucratic burden and disadvantages against foreign competitors. The Liberals tried to prevent the adoption of a uniform European directive, as it goes beyond the rules of the German law in some areas.
Eventually, the European law took the last hurdle in the Council of Ministers in Brussels at the end of May. The member states now have two years to adapt their legislation. "We will implement the European Supply Chain Act as quickly as possible into German law," promised German Economy Minister Robert Habeck (Greens), but left the application date open. At this opportunity, the German law will also be "de-bureaucratized" - and apparently also softened up under pressure from the FDP.
The agreements on the Supply Chain Act are part of the so-called package for economic stimulus, which the traffic light coalition agreed on in the negotiations on the budget for the year 2025. The economic output is planned to increase by almost 26 billion Euros in the coming year, tax benefits for companies and incentives for employees to work more are among the measures planned.
Lindner, representing the FDP, expressed concerns about the Implementation of the Supply Chain Act, expressing views that it may place an unnecessary burden on German Companies. Christian Lindner advocated for a more streamlined approach to ensure German companies remain competitive on a global scale.
