EUTR Meaning and
Definition
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The European Union Timber Regulation (EUTR) is a legislation enacted by the European Union in 2013 aimed at combating illegal logging and the trade of illegally sourced timber within the EU market. The EUTR is designed to ensure that timber and timber products placed on the EU market are derived from legal sources, promoting sustainable forestry practices and preventing environmental degradation.
Under the EUTR, timber importers and traders are obligated to exercise due diligence to ensure the legality of the wood products they sell. This involves assessing and minimizing the risk of illegal timber entering the supply chain through thorough documentation checks, obtaining information on the origin of the timber, and applying risk assessments to identify potential illegal sourcing.
In order to comply with the EUTR, companies must establish and implement a robust due diligence system, which incorporates traceability, risk assessment, and mitigation strategies. By implementing this system, companies ensure transparency in their supply chains and prevent the sale of illegally sourced timber products.
The EUTR promotes the accountability of all operators involved in the timber trade, from producers to importers and traders, by requiring them to maintain records of their supply chain activities and provide information upon request. Non-compliance with the EUTR can result in penalties, such as fines or exclusion from the EU market, to discourage illegal timber trade and promote sustainable forestry practices.
Common Misspellings for EUTR
- eutre
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- eytr
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- e7tr
- eu6r
- eut4
- weutr
- ewutr
- seutr
- esutr
- reutr
- erutr
- 4eutr
- e4utr
- 3eutr
- e3utr
- eyutr
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