Crude News for the Export Industry

Palm oil manufacturers bristle at new regulations to coordinate export taxes on certain commodities.

February 24, 2004

New regulation makes the future look rather gloomy as far as Derom Bangun, General Chairman of the Indonesian Oil Palm Business peoples Association (Gapki), is concerned. All Deroms efforts, it seems, have been in vain.

The whole sad story began with news that the government had completed a draft of regulations to coordinate export charges (usually referred to as taxes) imposed on certain commodities. The highest tariff could raise the figure to

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