Finance
EU finalises 12-month delay of deforestation law
Published by Global Banking & Finance Review®
Posted on December 18, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 18, 2024
2 min readLast updated: January 27, 2026
The EU has delayed its deforestation law by 12 months, now starting in December 2025. This affects imports like soy and beef, requiring proof of no deforestation.
By Kate Abnett
BRUSSELS (Reuters) - European Union countries on Tuesday gave their final approval to delay the bloc's anti-deforestation law by 12 months, allowing the postponement to now pass into law, the Council of the EU said in a statement.
The sign-off from governments finalises a December 2025 start date for the EU's policy to ban the import of soy, beef, coffee, palm oil and other goods linked to the destruction of forests - which had originally been designed to apply this month.
The delay to the world-first deforestation policy is a blow to the EU's green agenda, which is facing pushback from industries and some governments that say EU measures to fight climate change are too onerous.
But it offers relief to companies and EU trading partners including the United States and Brazil, which oppose the policy and warn it will upend trade as many firms struggle to comply.
The EU law, initially due to take effect from Dec. 30, 2024, will require companies and traders also placing wood, cocoa, rubber and some derived products like chocolate and furniture onto the EU market to provide proof their supply chain does not contribute to deforestation, or face fines and potentially have their products turned away.
Companies exporting commodities from Europe would face the same obligations.
(Reporting by Charlotte Van Campenhout. Editing by Sudip Kar-Gupta and Mark Potter)
The EU's decision to delay its deforestation law by 12 months, impacting trade and climate policies.
The delay is due to pushback from industries and some governments who find the measures too onerous.
The law affects imports like soy, beef, coffee, palm oil, wood, cocoa, and rubber.
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