indonesia
The UK Government has now finalized its proposal for the Due Diligence law that has been under discussion for several months. The law will significantly affect Indonesian palm oil exporters, as palm oil has been identified as one of several commodities that will be targeted, along with soy, coffee, timber, and others.Q3 2020 hedge fund letters, conferences and moreThe UK government’s formal proposed Due Diligence measure can be read in full here.The Due Diligence DebateIndonesia has been at the forefront of the Due Diligence debate in recent weeks.The Indonesian Palm Oil Association submitted ...
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The UK’s proposed Due Diligence Regulation has re-kindled the idea of a VPA-FLEGT arrangement for Indonesian palm oil.Q3 2020 hedge fund letters, conferences and moreA VPA-FLEGT Arrangement For Indonesian Palm OilIs such an arrangement possible?As we’ve discussed previously, the VPA (Voluntary Partnership Agreement) between Indonesia and the European Union was an arrangement that verified the legality of timber products leaving Indonesia and being sold in the EU. The bilateral development of an Indonesian standard – SVLK – gave Indonesian timber and paper exporters a ‘green light’ past the EU’...
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This week, the Indonesian Palm Oil Association (GAPKI) submitted a formal response to the UK Government’s consultation on the planned Due Diligence regulation.Q2 2020 hedge fund letters, conferences and moreThe UK's Due Diligence RegulationIn the official submission, the Indonesian palm oil community raises core principles that the UK Government must consider when drafting its Due Diligence regulation. Considering the importance of the palm oil community to Indonesia, and the wider ASEAN, the UK should firstly ensure no discrimination against Indonesian palm oil; the Indonesian Sustainable Pal...
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