JAKARTA : Indonesia and Malaysia, the world's biggest palm oil producers, plan to send envoys to the European Union to discuss the impact of the bloc's new deforestation law on their palm oil sectors, ministers from the Southeast Asian countries said on Thursday.The EU in December agreed on a deforestatio
JAKARTA : Indonesia and Malaysia, the world's biggest palm oil producers, plan to send envoys to the European Union to discuss the impact of the bloc's new deforestation law on their palm oil sectors, ministers from the Southeast Asian countries said on Thursday.
The regulation has been welcomed by environmentalists as an important step to protect forests as deforestation is responsible for about 10 per cent of global greenhouse gas emissions. "We agreed to carry out a joint mission to the EU to communicate and to prevent unintended consequences of the regulation on the palm oil sector, and to seek possible collaborative approaches," Airlangga told reporters.
EU diplomats have denied the bloc is seeking to ban any imports of palm oil and said the law applies equally to commodities produced anywhere. The EU is the third-largest palm oil market for both countries.
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