WHAT IS THE EU DEFORESTATION REGULATION? Regulation (EU) 2023/1115 prohibits trade of products linked to deforestation or forest degradation Applies to seven key commodities: cattle, cocoa, coffee, palm oil, rubber, soya, and wood Enforcement is currently proposed to start on December 30, 2025 for most companies Products sold in the EU need to be associated with commodity production geolocation and DDS (due diligence statement) reference numbers and Sanctions range from ban to fines of up to 4% EU turnover