Investing.com — France advocates for a significant change in European regulations, especially those related to Environmental, Social, and Governance (ESG) rules. It comes as Europe grapples with its competition amid sweeping deregulation in the United States, led by President Donald Trump.

The French government is proposing a “major regulatory pause,” according to a 22-page document seen by Bloomberg. The document, dated January 20, suggests that the new law should be re-examined and revised. Current laws are considered “badly adapted” to the new environment of increased international competition and the non-cooperative policies of the world’s major rivals.

This call for reworking comes as Europe tries to regain its competitiveness in the global market, especially in the face of more deregulation in the Atlantic. The document of the French government emphasizes the need for a reassessment of the current regulations and the potential for changes to better suit the current international business landscape.

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