Posted inAT Finance, Beijing, China, European Union, India, Indonesia, Malaysia, Middle East, South Asia, World

EU, Indonesia sliding towards a trade war

About a quarter of Indonesia’s 49 million hectares of agricultural land is now given over to palm oil, which last year racked up a record-high US$22.9 billion in foreign exchange earnings. That alone explains why the Indonesian government has reacted so strongly to the European Union’s (EU) recent decision to restrict imports of the prized […]

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