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View all search resultsThe Trade Ministry on Monday urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.
Despite Indonesia’s recent success at scoring a significantly lower tariff rate with the United States and finalizing a long-awaited free trade pact with the European Union, experts have warned that the strategic implications behind these rushed decisions made under pressure may lead to future instability.
Budi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.
Delaying the implementation of the European Union’s deforestation-free rule for imported products may provide more time for negotiations between Indonesia and the EU on a free trade agreement but will do little to bridge the remaining divides between the two parties, analysts say.
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