"The new law will ensure that a set of key goods placed on the [European Union] market will no longer contribute to deforestation and forest degradation in the EU and elsewhere in the world," said the commission, praising the decision that the bloc's member states and the EU Parliament reached overnight.The list of products banned – which includes palm oil, cattle, soy, coffee, cocoa, timber and rubber – have been identified as a "driver of deforestation" if they came from deforested land after December 2020.Importing companies will have to show that their products are deforestation-free, and subject to proving "precise geographical information on farmland" where the commodities were sourced."It's the coffee we have for breakfast, the chocolate we eat, the coal in our barbecues, the paper in our books.The EU will now have to formally adopt the regulation before it can enter into force, and traders will have 18 months to implement the rules."