All companies involved in the trade and selling of timber and timber-based products (including paper) in Europe need to understand the requirements of the regulation.
Under the Regulation companies fall under two categories:
- Operators – those who first place on the EU market the timber or timber products (whether sourced from within the EU or from outside the EU).
- Traders – those who sell or buy timber or timber products already placed on the internal market by Operators or other Traders.
To 'first place' products on the EU market means you are the entity with legal ownership of the product when it first enters the EU market.
For most Traders it has been business as usual since the law took effect on 3rd
March 2013. As a Trader, your EUTR obligations extend to maintaining transaction records for five years and co-operating with any investigations that might arise in the future.
However, Operators are required to undertake measures designed to check whether timber / timber products they ‘handle’ is legal to comply with the EUTR. Operators are required to undertake due diligence either by developing their own due diligence system (DDS) or using one provided by a third party.