European Union: European Institutions Finalize Deforestation-Free Supply Chain Regulation
On December 6, 2022, the Council of the European Union and European Parliament concluded negotiations on the EU’s Deforestation-Free Supply Chain Regulation. The current text is going through a legal review but is now de-facto final and is expected to be formally adopted in the coming months. To sell any of the covered products in the EU or export them from the EU, business operators will be required to provide extensive information about the product’s origins, including the precise location(s) and general time of production. Products sourced from standard- or high-risk origins must comply with additional risk assessment and mitigation procedures.