Airbus for Palm Oil? Indonesia-EU Trade Negotiation Continues Amid Tension

Jakarta – Indonesia will continue negotiations on an economic agreement with the European Union despite growing tension, after a leaked document revealed the EU intended to exclude palm oil-derived biofuels from trade between the two countries by 2021. Deputy foreign minister Mahendra Siregar said his ministry’s first priority is to make sure Indonesia’s biggest export…

Indonesia looks to strengthen palm oil industry through ISPO, domestic market

Indonesia is set to strengthen its palm oil industry by encouraging stakeholders to comply with Indonesia Sustainable Palm Oil (ISPO) certification and strengthening the domestic market to anticipate lower demand from the European Union. The ISPO certification could help the country’s palm oil sector in combatting negative campaigns, Vice President Ma’ruf Amin said during his…

Indonesia’s foreign policy prioritizes economic diplomacy

“Indonesia is a vast market with more than 260 million people. We need to take this as leverage in establishing mutually beneficial economic cooperation at the bilateral, regional and global levels” Jakarta (ANTARA) – Economic diplomacy has become the priority in Indonesia’s foreign policy for the 2019-2024 period. To conduct economic diplomacy, the Ministry of…

Indonesia risks palm oil exports if progress not made on sustainable cultivation, experts warn

The snail–like pace at which Indonesia is improving the sustainability of its palm oil agriculture in the face of mounting pressure from global trade players could jeopardize the commodity’s future, experts have warned. Among the critics of Indonesia’s palm oil agriculture management is Bogor Agricultural University (IPB) forestry expert and Center for International Forestry Research…

Indonesia seeking support from IEA, IRENA on palm oil biofuels

The Energy and Mineral Resources Ministry is working to secure global recognition of Indonesian palm oil–based biofuels as a renewable energy source after the European Union categorized the product as unsustainable earlier this year. The ministry’s deputy minister Arcandra Tahar said he met representatives from the International Energy Agency (IEA) and International Renewable Energy Agency…