Indonesia warns on EU trade deal, dairy imports amid palm oil spat


Trade tensions have risen since the European Commission concluded that palm oil causes excessive deforestation and should not be considered sustainable, meaning palm-based diesel in transport fuel would be phased out between 2023 and 2030.

JAKARTA: Indonesia is prepared to walk away from talks on a free trade deal with the European Union over the bloc's stance on palm oil, while also launching a probe into subsidies on dairy imports from the EU, a trade ministry official said.

Trade tensions have risen since the European Commission concluded that palm oil causes excessive deforestation and should not be considered sustainable, meaning palm-based diesel in transport fuel would be phased out between 2023 and 2030.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , palm oil , EU , warning , biodiesel , forests , nickel , dairy , poultry , imports ,

   

Next In Business News

Falling property prices - a boon for buyers
Grey neighbourhoods: fit for the ageing
Ringgit seen holding steady against US dollar next week
Oil posts biggest weekly gains in over a year
Dow ends at record high on easing economic worries
It’s looking up for the ringgit
Finding value in rare prints
E-scooters charging up daily commutes
Chip sector in growth phase
Navigating global market landscape

Others Also Read