WHAT IS EUDR?
The new Regulation will require companies importing or exporting the impacted commodities from the EU to prove the products are deforestation-free. This is defined the same way as in the EUTR – ‘the product itself, its ingredients or its derivatives were not produced on land subject to deforestation or forest degradation’.
Operators (companies who first place products in the single market) will be required to implement the due diligence requirement on their supply chains to ensure they are deforestation and forest-degradation-free, while traders will be responsible for storing and sharing information on their supply chain to operators.
The European Commission (EC) will conduct risk assessments by country. The EC will classify countries as no, low, standard and high risk. For products from low-risk countries, a simplified due diligence process is expected to be applied, which includes an exemption from risk analysis and mitigation measures.
Potential sanctions include: