Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains

//Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains

Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains

The deadline has passed for American entities to comply with human rights sanctions and rid their supply chains of ties to the sprawling Xinjiang Production and Construction Corps (XPCC) and its network of majority-owned subsidiaries.XPCC, a quasi-military entity estimated to employ 12 per cent of Xinjiang’s population and generate 17 per cent of its cotton-heavy economy, was sanctioned under the Magnitsky Act on July 31 by the US Treasury Department’s Office of Foreign Assets Control (OFAC) in…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-11-30T23:22:07+00:00 November 30th, 2020|World|Comments Off on Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains