Deforestation regulation: New obligations for businesses and major challenge for global trade
1.11.2024Company: Clifford Chance Prague LLP, organizační složka
Last year, the European Union enacted a new regulation aimed at combating global deforestation. The regulation focuses on enhancing environmental protection and introduces fundamental changes for businesses operating within the EU market to achieve this goal. The new obligations will affect not only European entities but also, indirectly, foreign companies trading with them. Consequently, this regulation is set to have a significant impact on international trade and global supply chains.
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Tags: Law |
