Scholz calls on EU to delay deforestation law in latest criticism

German Chancellor Olaf Scholz has asked the European Union to temporarily suspend the new regulation on deforestation (EUDR) due to concerns about its impact on global markets for raw materials and printed products. The regulation, designed to combat biodiversity loss, has been criticized by Brazil, Indonesia and Malaysia, who believe it affects their exports and small farmers. Scholz and others fear that the law, scheduled to come into force this year, will create bureaucracy and harm the competitiveness of key sectors.