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BRISBANE, Australia—Peter Hall, the head of Queensland’s cattle industry, has warned that new EU deforestation provisions could set a dangerous precedent for global trade.
According to the government website, the European Union Deforestation Regulation (EUDR) requires exporters to prove their products are deforestation-free.
From Dec. 30, importers face fines of up to 4 percent of their global turnover for non-compliance, which could compel companies to impose standards beyond the EUDR’s requirements.
The move is aimed at reducing the consumption of products that “contribute to deforestation and forest degradation in the EU and globally,” as well as reducing carbon emissions by at least 32 million metric tonnes per year….
