https://www.taxtmi.com/article/detailed?id=12992 Regulation (EU) 2023/115 mandates due diligence and plot level traceability for specified commodities to prevent market placement of goods linked to deforestation. The phased implementation and proposed deadline extensions aim to allow firms-and particularly SMEs-to build verification systems and supply chain controls. The measure pressures developing country producers to strengthen land registries, enforcement and certification capacity but also incentivises sustainable practices and green investment. Free Trade Agreements, exemplified by IND UAE CEPA, can facilitate compliance through joint assistance mechanisms, processing in trade zones, mutual recognition of standards, and technical support to preserve EU market access. en-us Sat, 05 Oct 2024 12:23:50 +0530 Sat, 05 Oct 2024 12:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12992 Regulation (EU) 2023/115 mandates due diligence and plot level traceability for specified commodities to prevent market placement of goods linked to deforestation. The phased implementation and proposed deadline extensions aim to allow firms-and particularly SMEs-to build verification systems and supply chain controls. The measure pressures developing country producers to strengthen land registries, enforcement and certification capacity but also incentivises sustainable practices and green investment. Free Trade Agreements, exemplified by IND UAE CEPA, can facilitate compliance through joint assistance mechanisms, processing in trade zones, mutual recognition of standards, and technical support to preserve EU market access. Articles Customs - Import - Export - SEZ Sat, 05 Oct 2024 12:23:50 +0530 https://www.taxtmi.com/article/detailed?id=12992