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EU Commission proposes a 12 month extension to implementation of the EU Deforestation Regulation and confirms publication of new guidance

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On 2 October 2024, after months of speculation, the EU Commission announced a proposal for a further 12 months of “phasing-in” time for the implementation of the EU Deforestation Regulation (“EUDR”), as well as the publication of its long-awaited guidelines and updated FAQs relating to the EUDR (see press release here). The announcement of the extension comes after multiple global stakeholders, including German chancellor Olaf Scholz, called for implementation to be delayed amidst concerns about…