Indonesian Deputy Minister of Trade talked about the EU which is determined to stifle Indonesian Palm oil products

Published 2024년 2월 29일

Tridge summary

Indonesia's Deputy Minister of Trade, Jerry Sambuaga, has criticized the European Union's attempts to suppress Indonesian palm oil products, arguing that the EU's stance is driven by trade competition rather than environmental concerns. Sambuaga pointed out that not all EU countries oppose Indonesian palm oil, with Switzerland being a significant consumer. He suggested that the EU's actions are discriminatory, given that Indonesian palm oil is cheaper than the EU's rapeseed vegetable oil. Sambuaga confirmed that Indonesia will continue to challenge the EU's stance at the World Trade Organization, expressing confidence in winning the lawsuit.

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Original content

Jakarta, CNBC Indonesia - Deputy Minister of Trade (Wamendag), Jerry Sambuaga talked about the European Union which is determined to stifle Indonesian palm oil products. However, not all European Union countries do that, because there are countries that agree to consume Indonesian palm oil products, one of which is Switzerland. "There is one commodity called CPO palm oil which has been very critical of us. But this means that if we can collaborate with the FTA, one of which is that Switzerland accepts our CPO, it means that our CPO is viable and has a market a lot and thirdly, environmentally it is acceptable," said CNBC Indonesia's Economic Outlook 2024 event, Thursday (29/2/2024). Jerry added that the European Union often argues that Indonesian palm oil products are not environmentally friendly. According to Jerry, that was a big lie. Jerry admitted that he had been following this case for a long time, even since 2020. According to him, the European Union is very discriminatory ...

Source: Cnbcindonesia