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View all search resultsIndonesia has the opportunity to wrap up a long-delayed free trade deal with the European Union after the bloc officially placed Indonesia in its “standard-risk” deforestation law category, a step seen by businesses as a signal that could boost exports of palm oil, coffee, cacao and other commodities.
The Jakarta Post’s Ruth Dea Juwita sat down with EU-ASEAN Business Council executive director Chris Humphrey during his visit to Jakarta on May 15 to talk about progress on trade negotiations and about business strategies for navigating Indonesian rules on local content and imports as well as the EU’s regulation on deforestation (EUDR).
ASEAN needs to accelerate progress on the promised “single market and production base” – means finally taking action to eliminate non-tariff barriers to trade in the region, starting with price control restrictions, import quotas, and ownership and control restrictions; quickly harmonizing standards across the broadest possible range of sectors; simplifying and automating customs procedures, and enable the growth of the digital economy.
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