Understanding the EUDR: Challenges and Opportunities for the Forest Products Sector, Paper360º September/October 2024 

Navigating the intricate landscape of global trade regulations, a new law can create significant disruptions, prompting businesses to swiftly adapt. The proposed European Union Deforestation Regulation (EUDR) is set to reverberate across the forest products industry. With the sector at the forefront and many stakeholders apprehensive about meeting compliance standards, it’s crucial to evaluate how the EUDR could transform the industry. Understanding how companies can prepare, adapt, and even thrive in response will be vital in the coming months.

KEY REQUIREMENTS AND RAMIFICATIONS
As global awareness of sustainability issues grows, the demand for greater transparency and accountability in supply chains intensifies. The EUDR is a response to this demand, mandating rigorous due diligence for commodities like timber and palm oil. These standards apply to nearly all solid wood products and most pulp and paper products, aiming to prevent the import or export of goods that contribute to deforestation or degradation of primary forests.

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