Indonesia's palm oil excluded from Europe's dangerous-product lists

13:34, June 23, 2010      

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Indonesian Trade Ministry said that the European Union has excluded Indonesia's palm oil and its derivative products from the category of containing dangerous chemical compound, dismissing concern among the country's exporters, the ministry said in a statement on Wednesday.

The union has imposed the Registration, Evaluation, Authorization, and Restriction of Chemicals or REACH since June 1 2008 to protect the environment and air from the contamination resulted from the chemical substances at the imported products.

The trade ministry has successfully convinced the union to exclude the palm oil and its derivative products from the category of dangerous chemical substance as it is regulated under the REACH, so that they do not need to be required for registration.

"We think that it is good for Indonesia because the country's palm oil exports are high to Europe," Trade Minister Mari Elka Pangestu said in the statement.

Indonesia is the world's biggest palm oil producer.

Rubber, textiles, and fabricated products were among the exports products from the Southeast Asia's largest economy.

Indonesia's exports in April this year increased significantly by 42.56 percent to 12.05 billion U.S. dollars from that of at the same period last year, the National Statistic Bureau announced on June 1.

Indonesia's exports are seen to rebound at 15.8 percent this year, finance ministry has said, after decreasing by 14.98 percent to 116.49 billion U.S. dollars in 2009.



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