Indonesia–European Union trade relations

An active presence and increasingly clear of the Romanian companies on the market in Vietnam is necessary and the Romanian entrepreneurs should get out of their comfort zone and stop doing business in the European Union only, Minister of Business Enviroinment, Trade and Entrepreneurship Stefan-Radu Oprea stated on Friday at the Romania-Vietnam Business Forum organised in Bucharest.

Indonesia, which is the largest producer of palm oil, plans to raise the import duties on dairy products from EU countries to 8-18 percent.

The intention of raising the tariffs was announced by the Minister of Commerce of the Asian country Enggartiasto Lukita. The measure is in response to the Union's plan to impose similar duties on Indonesian palm oil biodiesel, he added.

Cheaper Japanese cars and European cheese are on the way as the EU's trade agreement after the European Commission announced on April 18 that it had cleared the way for an Economic Partnership Agreement with Tokyo, New Europe reports.