Many commodities potentially affected, including palm oil from Malaysia and Indonesia
BRUSSELS: The European Parliament approved a landmark deforestation law on Wednesday to ban imports into the EU of coffee, beef, soy and other commodities if they are linked to the destruction of the world’s forests.
The law will require companies that sell goods into the European Union to produce a due diligence statement and “verifiable” information proving their goods were not grown on land deforested after 2020, or risk hefty fines.
The rules aim to eliminate deforestation from the supply…
