EU Deforestation Law to Impact Agriculture Products Such as Coffee, Cocoa and Palm Oil

The EU sealed a historic political agreement on Tuesday 6 December 2022 which aims to create deforestation free supply chains. Once adopted and applied, the new law will ensure that a set of key goods placed on the EU market will no longer contribute to deforestation and forest degradation in the EU and elsewhere in the world. When the new rules enter into force, all relevant companies will have to conduct strict due diligence if they place on the EU market, or export from it: palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products (such as beef, furniture, or chocolate).