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Indonesia Business Economy Malaysia

Jokowi Calls for Collaboration Against EU Palm Oil Discrimination

nazarizal mohammad RmwNno4cpZ0 unsplash

Indonesian President Joko “Jokowi” Widodo has called for stronger collaboration with Malaysia to protect palm oil products threatened by a European Union trade law he termed “discrimination”.

The European Parliament adopted the new legislation in April. It will ban imports deemed to be driving deforestation, throwing the bloc’s trade muscle behind a global fight against climate change.

Indonesia accounts for more than half the global supply of edible oil, used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap, and shampoo.

The law awaiting final approval from EU member countries would restrict imports from around the world of coffee, cocoa, soy, timber, palm oil, cattle, printing paper, and rubber.

Imports that come from land deforested after 31 December 2020 will be prohibited in the huge EU market which is the third-largest for both Indonesia and Malaysia.

Read the full article HERE.

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