JOURNAL MONITOR VOL.2 NO. 48 : EUROPEAN GREEN DEAL AND ITS IMPLICATIONS FOR THE PALM OIL INDUSTRY

PUBLICATION DATEDecember 30, 2021
KEYWORDS : green deal, minyak sawit, Palm Oil, Sawit
PENULIS : PASPI MONITOR

ABSTRACT

Through the European Green Deal (EGD), the European Union has an ambition to become a country-region with net zero emissions. One of the policies to achieve this goal is the Farm to Fork Strategy (F2F Strategy). The purpose of the policy is to build food sustainability that is fair, healthy, and environmentally friendly. Although the European Union’s commitments in both the EGD include F2F Strategy are only applied to the European Union, these policies will be translated into policies and product quality standards that enter the country’s territory. This policy also has implications for the palm oil industry, considering that the European Union is one of the major importers of palm oil. Therefore, palm oil imported into the European Union, whether used for biofuels, oleochemicals or oleofood, must meet the sustainability standards set out in the policy.The changes in EU trade policy must be considered by Indonesian palm oil stakeholders. If they want to maintain the share and competitiveness of Indonesian palm oil in the European Union market, palm oil stakeholders need to match the standards and criteria (including definitions and paradigms) related to the palm oil sustainability system standards used by the European Union.

PUBLIC FULL TEXT (CONTENT MAY BE SUBJECT TO COPYRIGHT)

CITATION

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