Trade and markets
 

Detail

Area
European Union
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/01/2014
Policy Category
Trade
Policy Instrument
Preferential trade
Description
Ended preferential import duties for palm oil, palm oil-based oleochemicals and biofuels from Indonesia.
Notes
EUROPEAN UNION – GSP implications: Under the EU’s revised General System of Preferences or GSP (meant to help emerging countries by granting them easier access to the EU market), imports of palm oil, palm oil-based oleochemicals and biofuels from Indonesia will no longer enjoy preferential duties as of this year (2014). Indonesia’s shipments are considered to have become competitive on a global scale and, consequently, have been classified as “graduated sectors”. Exports by Malaysia, the other main supplier of the products in questions, began to graduate from GSP status back in 1999.