# Broad consensus in European Parliament to call for a binding legal framework to fight deforestation driven by EU commodity imports | AGENCE EUROPE

> The European Parliament showed broad support for a binding legal framework requiring duty-of-care rules on imports linked to deforestation, covering cocoa, coffee, soy, palm oil and beef. The debate and vote took place on 21 and 22 October 2020. Civil liability for European companies drew opposition from the ID group.

- Date: 2020-10-20 · published 2020-10-20T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/50660-broad-consensus-in-european-parliament-to-call-for-a-binding-legal-framework-to
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If adopted, mandatory rules covering soy, palm oil and beef would add traceability costs for EU-bound feed and oilseed supply chains. The price impact is not yet clear.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-20 | [REPORT with recommendations to the Commission on an EU legal framework to halt and reverse EU-driven global deforestation \| A9-0179/2020 \| European Parliament](https://feedsoft.ai/events/52139-report-with-recommendations-to-the-commission-on-an-eu-legal-framework-to-halt.md) | +0.8% | +0.6% |
| SOY | 2020-10-01 | [Binding legislation needed to stop EU-driven global deforestation, say MEPs \| News \| European Parliament](https://feedsoft.ai/events/50657-binding-legislation-needed-to-stop-eu-driven-global-deforestation-say-meps-news.md) | +2.7% | +3.3% |
| SOY | 2020-02-13 | [European Parliament calls for rules to end imported deforestation - Fern](https://feedsoft.ai/events/54635-european-parliament-calls-for-rules-to-end-imported-deforestation-fern.md) | +0.0% | -4.2% |
| SOY | 2018-09-11 | [European Parliament calls for tangible EU measures to help put an end to deforestation \| AGENCE EUROPE](https://feedsoft.ai/events/63050-european-parliament-calls-for-tangible-eu-measures-to-help-put-an-end-to.md) | -1.2% | +4.3% |
| SOY | 2021-10-20 | [Future rules against imported deforestation in EU, Greens/EFA Group reiterates European Parliament’s expectations \| AGENCE EUROPE](https://feedsoft.ai/events/44587-future-rules-against-imported-deforestation-in-eu-greens-efa-group-reiterates.md) | +0.8% | +1.9% |
| PALMOIL | 2020-07-20 | [REPORT with recommendations to the Commission on an EU legal framework to halt and reverse EU-driven global deforestation \| A9-0179/2020 \| European Parliament](https://feedsoft.ai/events/52139-report-with-recommendations-to-the-commission-on-an-eu-legal-framework-to-halt.md) | +2.0% | +8.9% |
| PALMOIL | 2020-10-01 | [Binding legislation needed to stop EU-driven global deforestation, say MEPs \| News \| European Parliament](https://feedsoft.ai/events/50657-binding-legislation-needed-to-stop-eu-driven-global-deforestation-say-meps-news.md) | -1.1% | +1.8% |
| PALMOIL | 2020-02-13 | [European Parliament calls for rules to end imported deforestation - Fern](https://feedsoft.ai/events/54635-european-parliament-calls-for-rules-to-end-imported-deforestation-fern.md) | -2.8% | -16.7% |

## Sources

- agenceurope.eu: https://agenceurope.eu/en/bulletin/article/12586/21/broad-consensus-in-european-parliament-to-call-for-a-binding-legal-framework-to-fight-deforestation-driven-by-eu-commodity-imports

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