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NEWS ADMIN

DATE

13/08/2019

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

Novinite.com

CATEGORY

HEADLINE

Indonesia has Тhreatened to Impose Higher Duties on EU Dairy Products

12.08.2019 (Novinite.com) - The Indonesian Ministry of Commerce has threatened to impose higher tariffs on EU dairy products in response to the proposed measure by the bloc on palm oil biodiesel, the BTA quoted France as saying.

The warning could exacerbate the trade dispute between the EU and Indonesia, which is the world's largest producer of palm oil. The EU plans to reduce palm oil-based biofuels by 2030.

Palm oil is the most widely used vegetable oil in the world and the main ingredient in a range of products, from food to cosmetics.