While Brussels can’t escape Chinese influence in supply chains from Vietnam to India, EU deals with Asian economies provide some hedging
Last week, Jakarta and Brussels concluded a comprehensive economic partnership agreement (CEPA) after nearly a decade of negotiations, profiting more than 700 million consumers through tariff elimination. Hailed as a breakthrough in supply expansion, the CEPA broadens the EU’s access to Indonesia’s nickel, palm oil and digital services; yet its deeper implications are multifaceted.
Palm oil reinforces the trend. The CEPA is expected to increase Indonesian palm oil exports to the EU to about four million tonnes next year, up from an estimated 3.3 million tonnes this year, lowering costs for industry yet boosting Chinese agribusiness conglomerates with major stakes in the plantations.
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