The European Commission has proposed extending the implementation timeline for the European Union Deforestation Regulation (EUDR) by one year. This regulation seeks to prevent key goods placed on the EU market from contributing to deforestation and forest degradation, both within the EU and globally.
EUDR applies to a range of products including palm oil, soy, beef, cocoa, and timber. Companies are required to trace the origin of these products, ensuring they are produced sustainably, without harming forests. This regulation poses a challenge for countries exporting to the EU, as they must meet stricter sustainability standards.
By enforcing such measures, the EU aims to promote environmentally responsible trade, reducing deforestation caused by global supply chains.
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