INTERNATIONAL REGULATORY ROUND UP – EUROPE CHOCOLATE SECTOR COULD SECURE DUTY-FREE ACCESS TO INDONESIAN COCOA
July 1st, 2016
THE EUROPEAN Union (EU) chocolate sector stands to access supplies from the world’s third largest cocoa producer – Indonesia – should new talks to forge an EU-Indonesia trade deal prove successful. The country produced around 400,000 tonnes of cocoa in 2015.
A trade deal would probably remove EU import duties such as 9.6% on cocoa paste; 7.7% on cocoa butter, fat and oil; and 8% on cocoa powder. Tariffs on some sweetened powders exported from Indonesia, exceeding import quotas, are currently subject to punishing duties of 43%. And EU duties on Indonesian ...
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