The resolution includes palm oil, an important commodity for Indonesia and Malaysia. "We will do whatever we can to convince the European parliament and European countries not to implement it. The European parliament's non-binding motion calls for a single Certified Sustainable Palm Oil (CSPO) scheme for Europe-bound palm and other vegetable oil exports to ensure they are produced in an environmentally sustainable way. Nasution argues that palm oil is a highly productive crop that uses less land than rival vegetable oils such as soy oil. Indonesia exported 4.37 million tonnes of palm oils to EU countries last year, according to data from the Indonesian Palm Oil Associaton (Gapki), while Malaysia exported 2.06 million tonnes of the commodity.

Source: The Edge Markets April 11, 2017 07:07 UTC