EU Deforestation Regulation (EUDR): New Timeline And Guidance For Compliance

Summary

The EU Deforestation Regulation (EUDR) imposes strict conditions on operators and traders who intend to place products composed of certain commodities (i.e. cattle, cocoa, coffee, palm oil, rubber, soy and wood) on the EU market. They need to prove that these products do not originate from plot of lands that have been recently deforested or that these products have not contributed to forest degradation. In turn, this requirement obliges operators and traders to conduct very precise supply chain due diligence and to file due diligence statements. The same applies to exports from the EU. The EUDR has been designed and enacted to limit the EU market's impact on global deforestation and to reduce the EU's contribution to greenhouse gases.