In alignment with the vision for the future of the European Union (EU) put forth by the European Green Deal in 2020, and EU efforts to tackle global deforestation and forest degradation, the EU Deforestation-Free Products Regulation (EUDR) was adopted in June 2023. The EUDR is designed specifically as a unilateral, yet transnational, intervention to limit access to the EU market or the exports from the EU of seven key forest-risk commodities whenever they are linked with deforestation, forest degradation, or illegality. Drawing on decolonial and critical food systems scholarship, this article critically examines the EU’s position in combating global deforestation and forest degradation by positioning the EUDR in historically shaped and unequally constructed agri-food chains. Whereas the EU’s plan to decrease deforestation and forest degradation linked with its substantive consumption of products from the global south is an innovative step from the point of view of transnational governance of environmental degradation, we find that the historical amnesia, the emphasis on global trade, and the push for ‘green value chains’ fail to address the root causes of deforestation. Moreover, we contend that the EU legislator overlooked the potential of using transnational governance to rethink agri-food systems, including by promoting re-regionalization in the name of food sovereignty and the right to food.