Companies are preparing to comply with the European Union’s new deforestation regulation (EUDR).
On June 29, 2023, the European Parliament and Council formally adopted the EUDR. The EUDR goes into effect on December 30, 2024 for large companies (operators and traders)[1] and June 30, 2025 for micro and small exporters.[2]
The EUDR seeks to ensure that products brought into or exported from the EU market are deforestation-free. Thus, seven commodities including cattle, cocoa, coffee, palm oil, rubber, soy and wood … Read the rest