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EU Trade Chief Downbeat On Palm Oil Deal With Indonesia And Malaysia

20 Feb 2020 11:52 am
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MUMBAI (Commoditiescontrol) - European Union trade chief Phil Hogan has cautioned against assuming that trade negotiations with Indonesia and Malaysia could progress.

Indonesia and Malaysia are contesting EU rules that are set to have palm oil phased out as fuel for transport from 2024.

Hogan said the Commission wanted to establish a working group with the two top palm oil producers on the issue, but they had not agreed on the terms of reference. This, he said, undermined prospects of trade deals with each country.

“There will be no deal with Indonesia until this issue is resolved and there will be no reopening of negotiations with Malaysia until this issue is resolved.”


       
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