# European Parliament calls for tangible EU measures to help put an end to deforestation | AGENCE EUROPE

> The European Parliament adopted by 354 to 53 an own-initiative report by MEP Heidi Hautala calling for an EU action plan to ensure no supply chain or financial transaction linked to the EU causes deforestation. The report also urges binding measures in EU trade agreements.

- Date: 2018-09-11 · published 2018-09-11T12:00:00.000Z
- Category: policy · region Europe · magnitude low
- Page: https://feedsoft.ai/events/63050-european-parliament-calls-for-tangible-eu-measures-to-help-put-an-end-to
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger EU deforestation rules could raise compliance costs and restrict imports of commodities such as palm oil and soy over time, though this is a non-binding parliamentary call.

## Read by commodity

- SOY: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-03-08 | [MEPs call for measures to stem deforestation for palm oil \| AGENCE EUROPE](https://feedsoft.ai/events/72015-meps-call-for-measures-to-stem-deforestation-for-palm-oil-agence-europe.md) | -2.6% | -7.5% |
| PALMOIL | 2020-11-02 | [Proposal from the European Parliament on Deforestation Due Diligence](https://feedsoft.ai/events/50182-proposal-from-the-european-parliament-on-deforestation-due-diligence.md) | +7.4% | +13.1% |
| PALMOIL | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +3.2% | +6.7% |
| PALMOIL | 2023-04-19 | [Parliament adopts new law to fight global deforestation  \| News \| European Parliament](https://feedsoft.ai/events/36437-parliament-adopts-new-law-to-fight-global-deforestation-news-european-parliament.md) | -1.0% | -8.4% |
| PALMOIL | 2023-01-16 | [MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation \| AGENCE EUROPE](https://feedsoft.ai/events/37812-meps-approve-parliament-council-agreement-on-imported-deforestation-eu.md) | +0.7% | +0.1% |
| 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 | 2020-07-10 | [EU’s trade deals can put an end to deforestation](https://feedsoft.ai/events/52143-eu-s-trade-deals-can-put-an-end-to-deforestation.md) | -0.5% | -1.9% |
| SOY | 2020-10-20 | [Broad consensus in European Parliament to call for a binding legal framework to fight deforestation driven by EU commodity imports \| AGENCE EUROPE](https://feedsoft.ai/events/50660-broad-consensus-in-european-parliament-to-call-for-a-binding-legal-framework-to.md) | +3.2% | +9.4% |

## Sources

- agenceurope.eu: https://agenceurope.eu/en/bulletin/article/12094/21/european-parliament-calls-for-tangible-eu-measures-to-help-put-an-end-to-deforestation

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