EU deforestation regulation – new opportunity for Vietnam’s agriculture
Supply chains of timber, wood products, coffee, and rubber of many countries will encounter many challenges in meeting the EU Deforestation Regulation (EUDR). However, this is also a great opportunity for Vietnam to expand export markets if it is well prepared to satisfy the new rules.
Under the EUDR, to enter European markets, all agricultural products of Vietnam must have exact Global Positioning Systems (GPS) coordinates of their farms based on which any evidence of defrestation could be checked via remote sensing systems.
