The United Kingdom, which hosts 12 major tire manufacturing units, has decided to exempt rubber from deforestation regulations, but it is widely seen as not making any profound impact, with the UK's share in the EU pie of tire-making remaining relatively insignificant. The EU, on the other hand, has kept rubber under the list of EUDR (European Union Deforestation Regulation) under compliance until January 2025.
What is covered in the Full Insight:
Introduction
UK's Exemption of Rubber from Deforestation Regulations
Impact on UK and Global Markets
EU's Stringent Deforestation Regulations
Future Outlook and Potential Negotiations
SUMMARY
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