The Council of the European Union officially approved a regulation aimed at mitigating the risk of deforestation and forest degradation associated with products traded within or exported from the EU market. According to the Council's press release, the EU is a significant consumer and trader of commodities that contribute substantially to deforestation. The objective of these new regulations is to ensure that the consumption and trade of these commodities within the EU do not contribute to deforestation or further degradation of forest ecosystems. The regulation imposes mandatory due diligence requirements on all operators and traders involved in ...