EU extends compliance deadline for Deforestation-Free Regulation on Ghana exports
Ghana and other exporters to the European Union (EU) have been granted an additional 12 months to address environmental issues impacting products like cocoa, as the EU considers extending the timeline for its Deforestation-Free Product Regulation. Originally scheduled to take effect on December 30, 2024, the regulation’s postponement responds to concerns from EU trade partners regarding readiness for compliance. Introduced on June 29, 2023, the regulation was designed to prevent commodities such as cocoa, palm oil, wood, soy, rubber, and their derived products from contributing to deforestation or forest degradation in the EU or globally. If approved, the new deadlines...
