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European Parliament votes to approve the Deforestation Regulation (EUDR) as UK joins CPTPP

The European Parliament has voted to approve the Deforestation Regulation (EUDR), as part of a whole range of proposals, including the new CBAM carbon border tariff. The new rules create new trade barriers and bureaucracy for wood imports, and have angered trading partners in South East Asia. 🌳Deforestation Parliament adopts new regulation to fight climate […]

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“Developing economies hit hardest by EU’s carbon border tax”

In a new analysis, leading rating agency S&P Global warns that the EU’s external climate tariff CBAM, which stands for “Carbon Border Adjustment Mechanism” will hit developing economies the hardest. It explains: “Phasing in from 2026, CBAM will levy a carbon tax on imports of selected energy intensive materials and products into the EU, removing

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The Brexit debate continues

By Pieter Cleppe After Liz Truss’s brief interlude as British prime minister, the British Conservative Party is still struggling. In the opinion polls, the Tories are no less than 24 percentage points behind the Labour opposition. The new prime minister, Rishi Sunak, and 15 of his ministers even risk losing their seats in the upcoming

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Indonesia and Malaysia to send joint delegation to Brussels to address trade tensions

Tensions between the EU and South East Asia over its deforestation now also affecting trade ties. By the end of 2023, the EU aims to agree the Indonesia-EU Comprehensive Trade Agreement (IEU-CEPA). According to EU ambassador Vincent Piket, this is being complicated by the EU’s deforestation regulation. He stated: “We have lots of explaining to

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More hindrances to a good relationship between the EU and South East Asia

Despite warming relations between the European Union (EU) and the 10-member Association of Southeast Asian Nations (ASEAN), a series of geopolitical, environmental and legal flashpoints could derail progress in 2023. On 14 December, EU and ASEAN leaders met for a summit in Brussels for the first time, signalling how significantly relations have improved over the past

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Tensions between EU and South East Asia over EU legislation deemed to ‘increase poverty’

The Council, Commission and European Parliament are currently finalising new EU legislation on mandatory due diligence to stop deforestation in supply chains.  In September, the European Parliament already voted to substantially tighten up the European Commission’s original proposal, which entails requiring companies to check whether goods sold in the EU have not been produced on

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