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ARTICLE · 27 MARCH 2024

Deforestation Regulation: Impacts Of A Possible Delay In Risk Classification Of Countries And Other Recent Developments

Mayer Brown
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On 9 June 2023, the European Union published Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated...

BelgiumFinance and Banking
Nikolay Mizulin
Nikolay Mizulin
Paulette Vander Schueren
Paulette Vander Schueren
Dylan Geraets
Dylan Geraets
Irina Antoshevska
Irina Antoshevska
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On 9 June 2023, the European Union published Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation (the "Deforestation Regulation" or the "EUDR"). The EUDR entered into force on 29 June 2023, although the main prohibitions and obligations will not apply until 30 December 2024.1

Pursuant to the EUDR, beginning 30 December 2024, relevant products (derivatives of palm oil, soya, wood, cocoa, coffee, cattle, and rubber, as listed in Annex I to the EUDR) may be placed or made available on the EU market, or exported from the European Union, only if they meet the following requirements:

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