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France gets closer to slapping extra tax on palm oil used in food

Saturday, March 19, 2016 - 05:50

TAXABLE: The additional tax on palm oil is aimed at encouraging the sector to reduce the environmental damage that palm oil plantations can cause, and excludes oils produced in a sustainable way.


FRANCE'S plans to impose an additional tax on palm oil used in food from 2017 moved a step closer on Thursday as the National Assembly approved the levy, which has been vehemently opposed by top producers Indonesia and Malaysia.

However, the extra tax aimed at encouraging the

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