• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

What To Expect When Quitting Alcohol

March 6, 2026

US Lost Jobs In February, Showing Weaker Economy Than Expected

March 6, 2026

110 Funny Anniversary Quotes and Messages That Will Make You Laugh

March 6, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, March 7
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    US Lost Jobs In February, Showing Weaker Economy Than Expected

    March 6, 2026

    Trump Cuts Off Trade To Spain After Nation Bucked US On Iran War

    March 3, 2026

    Ford Recalls Over 4,000,000 Vehicles For Software Glitch

    February 26, 2026

    Jamieson Greer Says Trump Still Has ‘Very Durable Tools’ For Tariffs, Trade Deals

    February 22, 2026

    Scott Bessent Lays Out Future Of Trump’s Tariffs, Trade Deals

    February 22, 2026
  • Finance

    How Long Can Kyrgyzstan’s Economic Boom Keep Booming?

    February 18, 2026

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Indonesia, Malaysia Welcome Proposed Delay to EU Deforestation Regulation
Finance

Indonesia, Malaysia Welcome Proposed Delay to EU Deforestation Regulation

October 4, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Indonesia, Malaysia Welcome Proposed Delay to EU Deforestation Regulation
Share
Facebook Twitter LinkedIn Pinterest Email

Indonesia and Malaysia have welcomed the European Union’s controversial proposal to delay the implementation of its new anti-deforestation law, which they have staunchly opposed since its inception last year.

On Wednesday, the European Commission said that it would propose delaying implementation of the European Union Deforestation-free Regulation (EUDR), which bans EU imports of a range of commodities linked to forest destruction.

The proposal, which has been harshly criticized by environmental groups,  followed intense lobbying from governments and companies across the globe, which argued that the EUDR unfairly penalized their exports to Europe and would harm small farmers and businesses.

Among the most vocal opponents of the law were Malaysia and Indonesia, the world’s two leading producers of palm oil, which, given its longstanding links to “widespread rainforest destruction and wildlife loss” in Southeast Asia, was set to come under special scrutiny once the EUDR was in effect. The two nations together account for 85 percent of global palm oil production.

After the law’s enactment, Airlangga Hartarto, Indonesia’s coordinating minister for economic affairs, criticized the EUDR as a form of “regulatory imperialism.” A senior Malaysian trade official suggested that his country could cease palm oil exports to the EU entirely.

Malaysia and Indonesia, which joined forces last year to lobby against the law, yesterday hailed the Commission’s proposed delay to the implementation of the law. In a statement yesterday, Malaysia’s Palm Oil Council described it as a “victory for common sense,” the AFP news agency reported.

“Malaysia has over the past two years consistently provided evidence… that the implementation date of 30th December 2024 was unworkable, and the EU systems were not ready,” the council said.

See also  Recession Worries Have Investors Buying Treasuries, Doubting Stocks

Indonesia’s palm oil association GAPKI concurred. “We will continue to advocate against which regulations are burdensome, or not in accordance with Indonesia’s law,” GAPKI chairman Eddy Martono told Reuters.

In a separate interview with Reuters published yesterday, Airlangga Hartarto, the country’s coordinating minister for economic affairs, said that Jakarta was happy with the delay, but that it believed the legislation should be canceled altogether. In particular, he expressed opposition to the EU’s country benchmarking on deforestation, which will see the European Commission will classify nations as high, standard, or low risk in terms of compliance with the EUDR.

“It’s not about the delay but the implementing regulations,” Airlangga told the news agency. “The EU has no right to be a rating agency.” The proposed delay was also welcomed by coffee producers in Vietnam.

The EUDR, which was approved by the EU in late 2022 and came into force in July of last year, aims to “ensure that a set of key goods placed on the EU market will no longer contribute to deforestation and forest degradation in the EU and elsewhere in the world,” the European Commission said in a statement following the law’s passage.

To achieve this, it mandates that anyone importing or exporting commodities linked to forest degradation into or out of the EU market must prove that the products do not originate from recently deforested land and have not contributed to forest degradation. In addition to palm oil, the law will apply to a range of products, including cattle, soy, coffee, cocoa, timber, and rubber, as well as various other products derived from these.

See also  Indonesia, Apple Agree Terms For Lifting iPhone Sales Ban: Report

Prior to the delay, companies had a deadline of December 30, 2024 for compliance with the EUDR. It and when the delay is approved by the EU ministers and the European parliament, the law will come into force on December 30, 2025 for large companies and June 30, 2026 for small enterprises.

Deforestation delay Indonesia Malaysia Proposed Regulation
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How Long Can Kyrgyzstan’s Economic Boom Keep Booming?

February 18, 2026

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Former Google CEO Calls AI An ‘Existential Risk,’ Could Get ‘Many People Harmed Or Killed’

May 24, 2023

The rich often overestimate their retirement readiness, report finds

June 13, 2023

Wall St finishes strong month on upbeat company earnings

July 31, 2023

How to Combine Stoic and Minimalist Principles for Optimal Living

October 12, 2023
Don't Miss

What To Expect When Quitting Alcohol

Lifestyle March 6, 2026

Quitting alcohol may not be the hardest thing a person does, but it will not…

US Lost Jobs In February, Showing Weaker Economy Than Expected

March 6, 2026

110 Funny Anniversary Quotes and Messages That Will Make You Laugh

March 6, 2026

Trump Cuts Off Trade To Spain After Nation Bucked US On Iran War

March 3, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,307)
  • Entertainment (4,220)
  • Finance (3,203)
  • Health (1,938)
  • Lifestyle (1,840)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Crest 3D White Strips Are 30% off on Prime Day

July 13, 2023

In Troubled Times, the Sports World Offers a Necessary Salve

February 20, 2023

NFL Teams Go with Rainbow Logos for Pride Month

June 2, 2023
Popular Posts

What To Expect When Quitting Alcohol

March 6, 2026

US Lost Jobs In February, Showing Weaker Economy Than Expected

March 6, 2026

110 Funny Anniversary Quotes and Messages That Will Make You Laugh

March 6, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.