Trade and markets
 

Detail

Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/08/2017
Policy Category
Trade
Policy Instrument
Bilateral cooperation
Description
Malaysia and Indonesia agreed to jointly explore the possibility of i) supplying China, India and other countries with palm oil for their nascent biodiesel industries, and ii) conducting joint campaigns in key import markets to publicize palm oil’s environmental credentials.
Notes
Under the framework of CPOPC, the Council of Palm Oil Producing Countries set up by Malaysia and Indonesia to foster collaboration on palm oil, the two founding countries have agreed to (i) jointly explore the possibility of supplying China, India and other countries with palm oil for their nascent biodiesel industries, and (ii) conduct joint campaigns in key import markets to publicize palm oil’s environmental credentials. Moreover, the CPOPC Secretariat was tasked to invite other palm oil producing countries to join the Council.