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Exporters compile traceability proofs of land to comply with EU's new deforestation regulation

By Economic Times - 2 months ago
Indian exporters are preparing for the European Union's new deforestation regulation (EUDR), which mandates that products exported to the EU must come from land not deforested after December 31, 2020. The regulation impacts various sectors, including coffee, cocoa, soya, wood products, rubber, and leather goods, and imposes fines up to 4% of annual turnover and confiscation of non-compliant products.

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