Tuesday, November 26, 2024

GAPKI rejects EU Deforestation Regulation to align with local palm oil industry

Reading Time: < 1 minute
Julian Isaac

Journalist

Editor

Interview

The Indonesian Palm Oil Entrepreneurs Association (GAPKI) aligns with the government’s firm rejection of the European Union Deforestation Regulation (EUDR).

Emilia H. Elisa, Foreign Ministry Representative, highlights the EUDR’s multidimensional impact, particularly on isolated small-scale farmers within the supply chain.

EUDR, an internal EU decision without formal involvement of producer countries, triggers Indonesia’s resolute stance—“Not comply,” affirms Emilia on December 11, 2023.

Emilia emphasizes strengthening the Sustainable Palm Plantation National Action Plan (RAN-KSB), crucial to address issues related to the implementation of Indonesia Sustainable Palm Oil (ISPO).

GAPKI echoes the government’s rejection, reinforcing Indonesia’s position, as stated by Azis Hidayat, Gapki’s Plantation Division Chairman.

Tauhid Ahmad from Institute for Development of Economies and Finance (INDEF) sees the government’s firm stance against EUDR as reasonable, protecting Indonesia’s palm oil interests amid EU proposals perceived as detrimental.

EUDR’s long-term effects on global palm oil production and short-term reduction in Indonesia’s European market share underscore the need for swift ISPO improvements.

Sunny W.H. Reetz, the Executive Director of the Indonesian Blue Green Inclusive Economic Foundation (YEIBHI) suggests industry downstreaming as an alternative to counter EUDR’s negative impact, emphasizing the crucial role of ISPO in sustainable palm oil management.

Agus Purnomo the Director PT Sinar Mas Agro Resources and Technology Tbk highlights ISPO’s equivalence to recognized international sustainability certifications, emphasizing its role in ensuring Indonesia’s palm oil industry meets global standards.

Julian Isaac

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

Rohidin Mersyah, the Governor of Bengkulu, will still participate in the 2024 Regional Head Elections (Pilakada). despite being named a suspect in alleged corruption by the Corruption Eradication Commission (KPK).
Banking financing for the mining sector in Indonesia has continued to show good performance, particularly in regards with the relatively low non-performing loans (NPL), significantly making the sector still attractive to banks, despite global challenges that affect economic performance.
Minister of Industry Agus Gumiwang Kartasasmita says Apple’s investment offer of US$100 million over two years does not meet the globally recognized principle of fairness in invesment.
PT Bank Mandiri (BMRI) has planned to increase financing in the mining sector, taking advantage of available opportunities as many other banks avoid jumping into this sector financing.
State-owned mining company PT Aneka Tambang (Antam), a company incorporated in the holding company PT Mineral Industri Indonesia (MIND ID), has planned to explore and acquire gold mines, both domestically and abroad.
The Ministry of Communication and Digital Application collaborates with the General Elections Commission (KPU), the National Cyber and Encryption Agency (BSSN), and the State Intelligence Agency (BIN) in a task force set up on Friday, November 22, 2024 to ensure security of voters’ data and  smooth regional heads election.