
The European Union and Indonesia signed here Monday a trade agreement which will contribute to halting the trade in illegal timber. The deal was "aimed at facilitating the trade of legal timber that will contribute to poverty alleviation, job creation and support economic growth, while maintaining environmental quality," said Indonesian Forestry Minister Zulkifli Hasan in Brussels. Indonesia is the first Asian country to enter into such an agreement, and by far the largest Asian timber exporter to the EU. The EU is a key market for Indonesian forest products with the total average annual value of timber and paper exports from Indonesia reaching USD 1.2 billion which is around 15 percent of Indonesia’s exports. The agreement was negotiated over six years, with strong involvement of NGOs and businesses as well as government officials. Similar agreements have already been signed between the EU and some African countries.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor