Palm Oil Producers of the World Met in Bali to discuss Issues

Main News | 04 November 2017 , 06:41 WIB | Read : 51 | By : Administrator

InfoSAWIT, NUSA DUA  -  Indonesia and Malaysia as the founders of Council of Palm Oil Producing Countries (CPOPC) make Inaugural Ministerial Meeting of Palm Oil Producing Countries (IMMPOPC) in Nusa Dua Convention Center, Bali on 1 November-3 November ini. Besides the founder countries, CPOPC also invited some other producer countries, such as, Papua New Guinea, Thailand, Nigeria, and Guatemala.

The producer countries face many challenges to trade palm oil, namely about the environmental issues and tariff and non – tariff taxes that have been run in some last years.

The meeting would be the first platform to share opinion among the palm oil producer countries to face the challenge in the global trade. “IMMPOPC is the important moment to make the same opinion and perspective and becomes the goal of the producer countries. The same perception could protect and advance the interest of the producer countries in the global economy,” Executive Director of CPOPC, Mahendra Siregar said.

In the official statement to InfoSAWIT, Thursday (2/11), it noted, the ministries meeting that was led by Coordinator Secretary in Economy, Darmin Nasution discussed many issues, such as, the sustainability in palm oil, the smallholders’ productivity, the research and innovation, the cooperation among the industries to have additional value, the technical regulation, the policy in trade. To enrich the discussion, the forum also invited some speakers and experts from multilateral organization, such as, United Nations Conference on Trade and Development (UNCTAD), and Food and Agriculture Organization (FAO).

Palm oil is the main export commodity in the developing country. It contributes not only in exchange, but also provides employment and offers the potential of additional values, such as, refinery, up to the downstream products in food, energy and industries. In Indonesia, 41% of the areas belong to the smallholders. It contributes to 5,5 million kinds of work directly and 12 million kinds of work indirectly. Palm oil gives more than US$ 18 billion to the exchange as the biggest export of all in Indonesia. It surpassed the oil and gas export.(T2)

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