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The 7th EU-Indonesia Business Dialogue (EIBD) was held in Jakarta on 28 November 2017. In his address at the event, the European Union Ambassador to Indonesia, H.E. Vincent Guérend, highlighted one particular aspect of the EU-Indonesia economic relationship: exports of Indonesian Crude Palm Oil (CPO) to the EU.
"Contrary to what you may have read in the media, there are currently no governmental trade measures or policies at the level of the European Union or the EU Member States that discriminate or harm Indonesian palm oil exports. As a matter of fact, half of the Indonesian palm oil exports to the EU enter duty free, the other half, depending on the specificity of the product, with duties ranging between zero and 10%," said Ambassador Guérend.
"EU imports of palm oil from Indonesia have increased by 36% in value and 19% in volume this year compared to the same period in 2016. The market share of Indonesia jumped to 52.4%," he added.
For full speech, click HERE