EUDR Implementation Extension Summary

Key Updates

• European Commission proposes 12-month extension for EUDR implementation
• New proposed compliance dates:
  • Large companies: December 30, 2025
  • Micro and small enterprises: June 30, 2026

Rationale

• To ensure proper and effective implementation
• Responding to preparedness concerns from global partners and European stakeholders
• Does not alter objectives or substance of the law

Supporting Actions

• Comprehensive guidance documents released covering:
  • Information System functionalities
  • Penalties
  • Critical definitions
  • Traceability obligations

Next Steps

1. European Parliament and Council to review extension proposal
2. Country benchmarking system finalisation by June 30, 2025
3. Information System for due diligence statements:
   • Registration opens: Early November 2024
   • Full operation: December 2024
4. Ongoing dialogues with concerned countries
5. Early submission of due diligence statements possible
6. Online training on Information System from October 2024

Implications for Businesses

• Additional time for compliance preparation
• Opportunity to engage with the Information System before mandatory compliance
• Importance of staying informed about guidance and training opportunities

Action Items

• Review comprehensive guidance documents
• Plan for Information System registration (November 2024)
• Prepare for potential early submission of due diligence statements
• Schedule participation in online training sessions (from October 2024)
• Continue monitoring for updates on the extension proposal and final implementation dates