Indonesia and Malaysia seek to soften EU palm oil stance

Officials from the two countries met with leaders of the EU Commission and Parliament to negotiate the terms of upcoming legislation called the EU Deforestation Regulation, which will tighten rules on trading commodities associated with deforestation. — Jakarta Post

JAKARTA: Indonesia and Malaysia, the world’s two largest palm oil producers, are in negotiations with their European Union (EU) counterparts, hoping the bloc will refrain from implementing stringent measures that may hammer the palm oil industry in its upcoming deforestation law.

Officials from the two countries met with leaders of the EU Commission and Parliament on May 30 and 31 to negotiate the terms of upcoming legislation called the EU Deforestation Regulation (EUDR), which will tighten rules on trading commodities associated with deforestation.