EU Circular Economy-Sustainable Products Initiative

he European Union (EU) will be putting forward several pieces of legislation over the course of 2022 to achieve its circular economy transition. One initiative, the Sustainable Products Initiative (SPI) will focus on “key product value chains” (identified as electronics, information and communication technologies, textiles, furniture, steel, cement, and chemicals) that the Commission sees as requiring “urgent, comprehensive and coordinated action” to jumpstart the transition to circularity. The SPI is expected to be published on March 30. For more information on the SPI and how U.S. businesses can engage with the EU on circular economy, see the U.S. Commercial Service-EU market intelligence article. (https://www.trade.gov/market-intelligence/european-union-circular-economy-transition-full-speed-ahead)