# COP28: EU steps up cooperation with partner countries on deforestation-free supply chains and outlines further support measures - Environment

> At COP28 in Dubai, the European Commission announced an EU observatory on deforestation, a Team Europe initiative on deforestation-free value chains, and new support for partner countries. The EU law begins applying on 30 December 2024.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/32716-cop28-eu-steps-up-cooperation-with-partner-countries-on-deforestation-free
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expanded EU support for partner countries signals that deforestation-linked trade rules will persist, adding compliance cost to soy and palm oil supply chains over time. The direct price effect is limited in the near term.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-12-18 | [Deforestation-free supply chains: Information System pilot testing begins today - Environment](https://feedsoft.ai/events/32714-deforestation-free-supply-chains-information-system-pilot-testing-begins-today.md) | -1.2% | -8.4% |
| SOY | 2025-05-26 | [Eleven countries demand EU weakens deforestation law further, document shows \| Reuters](https://feedsoft.ai/events/24694-eleven-countries-demand-eu-weakens-deforestation-law-further-document-shows.md) | -2.5% | -1.3% |
| SOY | 2024-06-25 | [Ensuring deforestation-free supply chains: The new EU regulation - EFS Consulting](https://feedsoft.ai/events/29775-ensuring-deforestation-free-supply-chains-the-new-eu-regulation-efs-consulting.md) | -1.3% | -4.9% |
| SOY | 2024-01-15 | [Regulation on deforestation-free supply chains – 12 months left](https://feedsoft.ai/events/32132-regulation-on-deforestation-free-supply-chains-12-months-left.md) | +1.5% | -1.1% |
| SOY | 2023-12-15 | [EU Regulation on deforestation-free supply chains \| Legal Guidance \| LexisNexis](https://feedsoft.ai/events/32715-eu-regulation-on-deforestation-free-supply-chains-legal-guidance-lexisnexis.md) | -1.3% | -6.6% |
| PALMOIL | 2023-12-18 | [Deforestation-free supply chains: Information System pilot testing begins today - Environment](https://feedsoft.ai/events/32714-deforestation-free-supply-chains-information-system-pilot-testing-begins-today.md) | +0.6% | +1.2% |
| PALMOIL | 2025-05-26 | [Eleven countries demand EU weakens deforestation law further, document shows \| Reuters](https://feedsoft.ai/events/24694-eleven-countries-demand-eu-weakens-deforestation-law-further-document-shows.md) | +2.5% | +5.4% |
| PALMOIL | 2023-12-15 | [EU Regulation on deforestation-free supply chains \| Legal Guidance \| LexisNexis](https://feedsoft.ai/events/32715-eu-regulation-on-deforestation-free-supply-chains-legal-guidance-lexisnexis.md) | +0.4% | +2.0% |

## Sources

- environment.ec.europa.eu: https://environment.ec.europa.eu/news/cop28-eu-steps-cooperation-partner-countries-deforestation-free-supply-chains-and-outlines-further-2023-12-12_en

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.