Comment | EU's new anti-looting law is another blow for legitimate trade

The EU's new legislation seeks to regulate the import of cultural goods, aiming to combat the illegal trade, especially trafficking of looted artifacts from conflict zones. However, while it addresses these pressing issues, there is concern that it may simultaneously hinder legitimate art markets, which are already facing numerous challenges.

By requiring importers to provide documentation proving the lawful export of cultural goods, the EU aims to ensure that these items are sourced legitimately. This is crucial not just for legal compliance, but also for protecting cultural heritage and combating the multibillion-dollar black market that aids organized crime and terrorism.

As Europe grapples with its colonial past, the new legislation places additional scrutiny on the provenance of cultural items. This creates a dual challenge: ensuring that the items can be legally imported while also addressing ethical considerations surrounding their acquisition and rightful ownership.

The Regulation on the Introduction and the Import of Cultural Goods will be fullyimplemented by 28 June 2025, marking a significant step in the EU's efforts to safeguard cultural heritage. However, experts caution that the stringent requirements may unintentionally hinder legitimate transactions in an already fragile market.

Read at The Art Newspaper - International art news and events