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Australia deemed "low risk" for deforestation, easing EU market access under new stringent laws.
Australia has been classified as "low risk" for deforestation by the European Commission, allowing easier access to the EU market under new anti-deforestation laws.
The EU's regulation aims to ensure products like beef, cocoa, coffee, palm oil, rubber, soy, and wood are "deforestation-free" and legally produced.
Countries like the US, UK, China, and Canada also received the low-risk designation, which simplifies due diligence for businesses.
The law will impact around $110 billion in global trade, with full implementation for small businesses set for June 2026.
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Australia consideró "bajo riesgo" para la deforestación, facilitando el acceso al mercado de la UE en virtud de nuevas leyes estrictas.