Indonesia and Malaysia only has 18 months left before the EU Deforestation Regulation

RBD Palm Oil

Indonesia

Malaysia

Published Jul 4, 2023

Tridge summary

Indonesia and Malaysia, the world's main palm oil producers, have expressed their objections to the European Union's Anti-Deforestation Regulation (EUDR) which is set to enter into force at the end of 2024. The EUDR was implemented without intensive communication with the two countries, and they have now formed a joint mission to Brussels to be involved in the process of drafting implementing regulations for the law. A task force will be formed to coordinate discussions and address Indonesia and Malaysia's concerns before the EUDR takes effect.

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Original content

Jakarta, CNBC Indonesia - Indonesia only has 18 months left before the European Union's Anti-Deforestation Regulation (EU Deforestation Regulation/ EUDR) enters the entry into force stage. Where, the implementation of the law was accepted by all countries in the EU and ratified. As is known, the EUDR came into force in mid-May 2023. And it is scheduled for entry into force at the end of 2024. Indonesia and Malaysia, as the world's 2 main palm oil producers, have expressed their objections to the enactment of the law. Through a joint mission to Brussels, Belgium at the end of May 2023. This mission was facilitated by the Council of Palm Oil Producing Countries (CPOPC). Where, Coordinating Minister for the Economy Airlangga Hartarto became Head of the Indonesian Delegation and Deputy Prime Minister/Minister of Agriculture and Commodities Dato' Sri Haji Fadillah bin Haji Yusof became Head of the Malaysian Delegation. "This is one of the steps of joint diplomacy by the world's palm ...

Source: Cnbcindonesia