# EU trade barriers do not help partnerships with ASEAN — CSPO

> An opinion piece argues that EU policies such as the German Supply Chain Act, adopted June 11, 2021, will harm ASEAN economies by burdening palm oil. It notes the EU is ASEAN's third trade partner and investor.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/46599-eu-trade-barriers-do-not-help-partnerships-with-asean-cspo
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expanding EU due diligence obligations may raise compliance costs for palm oil exporters from Indonesia and Malaysia, a possible bearish factor for palm oil over time.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-03 | [Further obligations for traders of products with an impact on deforestation - the new EU Regulation 2023/1115 - Kochański & Partners](https://feedsoft.ai/events/30772-further-obligations-for-traders-of-products-with-an-impact-on-deforestation-the.md) | +0.5% | -4.0% |
| PALMOIL | 2019-04-01 | [Palm Oil Is at the Heart of the Next Trade War](https://feedsoft.ai/events/59954-palm-oil-is-at-the-heart-of-the-next-trade-war.md) | +3.8% | +0.9% |
| PALMOIL | 2019-05-14 | [EU’s palm-based biofuel ban: Does it breach WTO free trade rules? \| Malaysiakini](https://feedsoft.ai/events/59117-eu-s-palm-based-biofuel-ban-does-it-breach-wto-free-trade-rules-malaysiakini.md) | +2.9% | +0.6% |
| PALMOIL | 2019-11-21 | [Policy Brief: EU’s Renewable Energy Directive (RED) II and Implications on Palm Oil Trade - CARI ASEAN Research and Advocacy](https://feedsoft.ai/events/56084-policy-brief-eu-s-renewable-energy-directive-red-ii-and-implications-on-palm.md) | 0.0% | +9.3% |
| PALMOIL | 2016-12-29 | [CPO futures as hedging mechanism following planned EU palm oil ban \| The ASEAN Post](https://feedsoft.ai/events/73575-cpo-futures-as-hedging-mechanism-following-planned-eu-palm-oil-ban-the-asean.md) | -1.2% | -0.1% |

## Sources

- thecspo.org: https://thecspo.org/eu-trade-barriers-do-not-help-partnerships-with-asean/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.