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  • By The Financial District

EU Okays Deal To Ban Products Causing Deforestation

European Union lawmakers and governments have reached a deal that would ban the import of products that contribute to deforestation around the world.


Photo Insert: Forests around the world are increasingly under threat from clearance for timber and agriculture, including soybean and palm oil.



The preliminary agreement, which still needs to be formally adopted by the EU parliament, requires companies to verify that the goods they sell in the EU have not led to deforestation and forest degradation anywhere in the world as of 2021.


Companies need to show that the goods they import comply with rules in the country of origin, including on human rights and the protection of indigenous people.



Forests around the world are increasingly under threat from clearance for timber and agriculture, including soybean and palm oil. The U.N. Food and Agriculture Organization estimates that 420 million hectares (1.6 million square miles) of forest - an area larger than the EU - were destroyed between 1990 and 2020.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Pascal Canfin, who chairs the European Parliament’s environment committee, said the agreement by the 27-nation bloc marks a world first.


“Europe will close its doors to the everyday products that have the highest impact on deforestation in the world if their importers are not able to demonstrate, with supporting documents, that they do not come from deforested areas,” he said.


“It’s the coffee we drink in the morning, the chocolate we eat, the charcoal we use in our barbecues, the paper in our books. It’s radical, and that’s what we’re going to do.”



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