Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Oil palm fruits and bowl of cooking oil on black background

Oil palm fruits and bowl of cooking oil on black background

France drops plan for extra CPO import tax

byCT Report
16/05/2016
in Uncategorized
Share on FacebookShare on Twitter

PARIS: The French Senate yesterday adopted a revised version of its biodiversity bill in which senators scrapped an additional tax on palm oil and delayed until 2020 a ban on pesticides blamed for harming bees.

The decisions are not final as the two houses of the French parliament now have to reach an agreement, or the bill will end up at the National Assembly, which has the final word.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

The Senate had introduced the additional tax on palm oil used in food to encourage the sector to reduce the environmental damage palm oil plantations can cause.

The action was vehemently opposed by leading producers Indonesia and Malaysia.

The National Assembly in March sharply reduced the extra tax and excluded oils produced in a sustainable way.

The softening, supported by the government, was welcomed but not enough to please the producers who still view the tax as discriminatory.

The latest version of the biodiversity bill adopted by the Senate yesterday scrapped the additional tax on palm oil altogether, with senators saying it could be against international trade rules and that it would be more appropriate in a finance legislation.

But the tax on palm oil can be reintroduced in the law at a later stage, notably by the National Assembly.

The fate of another key proposal of the biodiversity law, a ban on neonicotinoid pesticides, is also uncertain.

The government had expressed mixed feelings about the proposal with environment minister Segolene Royal saying it would protect bees while agriculture minister Stephane Le Foll warned a unilateral French move on neonicotinoids could hurt farmers in the EU’s biggest crop producing country.

It since clarified its position and backed yesterday an amendment requesting a study on substitution products to neonicotinoids and delaying the ban to July 2020, against September 2018 in the text adopted at the National Assembly.

The EU limited the use of neonicotinoid chemicals, produced by companies including Bayer CropScience and Syngenta, two years ago after research pointed to risks for bees, which play a crucial role pollinating crops.

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

Brazil pork exports continue to grow

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.