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View all search resultsThe 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).
Seeking to avoid the fiasco of finalizing negotiations during next year’s elections in Indonesia, the European Union wants to conclude trade negotiations by the end of this year, while its more controversial deforestation policy, which could hammer Indonesia’s palm oil industry, continues to cast a heavy pall in Jakarta.
Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic, but policies on palm oil remain a major sticking point.
Indonesia will continue the ongoing negotiations on a trade pact with the European Union despite a fresh spat following a leaked document about the EU’s plan to exclude biofuels derived from palm oil by 2021.
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