EU Yet To Decide On Malaysia’s EUDR Low Risk Status

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The European Union (EU) has yet to determine whether Malaysia will be classified as a low risk country under its upcoming country benchmarking system for the EU Deforestation Regulation (EUDR), said EU Ambassador to Malaysia Rafael Daerr.

The EUDR, which will take effect for large companies at the end of this year, requires producers of palm oil and six other commodities to ensure their products are not linked to deforestation after December 31, 2020.

The EU currently imports 10 per cent of Malaysian palm oil, and Daerr said it is open to importing more, provided the supply is fully compliant with the EUDR.

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Author / Journalist: Editor

Category: EconomyBusiness

Markets: Malaysia

Topics: Eudr Trade News EU

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 09:21:11 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

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