# On the track of bringing down the European Union footprint - ProTerra Foundation

> The International Union for Conservation of Nature in the Netherlands has proposed five mandatory minimum criteria for agro-commodity trade in EU policy. The criteria cover legal compliance, good business practice, labor rights, climate and biodiversity-smart agriculture.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/53661-on-the-track-of-bringing-down-the-european-union-footprint-proterra-foundation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If adopted, mandatory sustainability criteria could tighten access for soy, palm oil and cacao imports into the EU, but the proposal is advisory and has no near-term price effect.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-26 | [Is the European Union Deforestation Regulation WTO-Proof? – ECIPE](https://feedsoft.ai/events/28330-is-the-european-union-deforestation-regulation-wto-proof-ecipe.md) | +0.3% | -5.3% |
| SOY | 2024-07-31 | [The impact of European Union deforestation regulation: Four lessons from Peru's journey](https://feedsoft.ai/events/29292-the-impact-of-european-union-deforestation-regulation-four-lessons-from-peru-s.md) | +0.1% | -5.8% |
| SOY | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | -0.3% | -3.9% |
| SOY | 2022-01-21 | [Comparing Recent Deforestation Measures  of the United States, European Union, and United Kingdom \| Steptoe](https://feedsoft.ai/events/43167-comparing-recent-deforestation-measures-of-the-united-states-european-union-and.md) | +1.6% | +11.7% |
| SOY | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +0.5% | -0.2% |
| PALMOIL | 2024-09-26 | [Is the European Union Deforestation Regulation WTO-Proof? – ECIPE](https://feedsoft.ai/events/28330-is-the-european-union-deforestation-regulation-wto-proof-ecipe.md) | +8.4% | +9.5% |
| PALMOIL | 2024-07-31 | [The impact of European Union deforestation regulation: Four lessons from Peru's journey](https://feedsoft.ai/events/29292-the-impact-of-european-union-deforestation-regulation-four-lessons-from-peru-s.md) | -1.9% | +1.5% |
| PALMOIL | 2018-10-11 | [Palm Oil News - 99% of Palm Oil In European Union are Traceable](https://feedsoft.ai/events/62560-palm-oil-news-99-of-palm-oil-in-european-union-are-traceable.md) | +1.6% | -4.0% |

## Sources

- proterrafoundation.org: https://www.proterrafoundation.org/news/on-the-track-of-bringing-down-the-eu-footprint/

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