AreaEuropean Union
Commodity GroupOilseeds, oils and meals
CommodityPalm oil
Date01/01/2014
Policy CategoryTrade
Policy InstrumentPreferential trade
DescriptionEnded preferential import duties for palm oil, palm oil-based oleochemicals and biofuels from Indonesia.
NotesEUROPEAN UNION GSP implications: Under the EUs 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). Indonesias 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.
