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Indonesia threatens to ban European goods

JAKARTA: Indonesia threatened to ban imports of some goods from the European Union in retaliation for the bloc’s move to impose stricter limits on how palm oil can be used in green fuels. The world’s largest palm oil producer is considering such a step to protect the interest of almost 20 million people, whose livelihood […]

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Indonesia reviews CEPA after EU proposes cap on palm oil-based biofuels

Indonesia has said it is now reviewing negotiations over the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) in response to a recent European Union proposal to put a cap on palm oil-based biofuels. “We are reviewing [the IEU-CEPA] comprehensively,” Trade Ministry international trade negotiation head Iman Pambagyo said on Wednesday as quoted by kontan.co.id. Indonesian and EU delegates […]

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Indonesia deregulates palm oil exports

The new regulation on the export of palm crude oil (CPO) and its derivative products has taken effect and is part of the government’s plan to simplify the export procedures of the country’s major commodity. On Monday, the Trade Ministry announced the revocation of Trade Minister Regulation No 54/2015 on technical verification of exported palm […]

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Indonesia: Govt lowers expectations for tourism revenue

The government has lowered this year’s revenue target for the tourist industry from US$20 billion to US$17.6 billion. Tourism Minister Arief Yahya said on Monday that the lower projection was based on last year’s low forex earnings, which, according to Bank Indonesia, amounted to $15.6 billion, lower than the government’s target of $17 billion. “Last […]

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