Indonesia,Malaysia Cooperate in Countering CPO Negative Campaign

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

TEMPO.CO, Jakarta - The Government of Indonesia and Malaysia agree to increase cooperation regarding negative campaigns against palm oil products in the European Union.


The deal was reached during a bilateral meeting between Foreign Minister Retno Marsudi and Foreign Minister of Malaysia Saifuddin Abdullah in Jakarta on Monday.


"We agreed to increase cooperation to counter the negative campaign against palm products in the European Union," said the foreign minister.


In the meantime, Malaysian Foreign Minister Saifuddin Abdullah said Indonesia and Malaysia as the two largest palm oil producer countries in the world should cooperate in maintaining the palm oil market in Europe.


"Both countries are the largest producers of palm oil products in the world, so we have to be compact. We agree that both countries should intensify discussions and cooperation because this issue is so big," Saifuddin said.


Furthermore, the two Ministers also agreed to play their respective roles in order to issue a negative campaign against palm products in the European Union region to be managed in a structured manner.


"We need to work more closely with this palm oil issue," said the Malaysian Foreign Ministry.


On June 14, 2018, a trio meeting between the European Commission, the European Parliament and the European Union Council produced several points on palm oil products.


However, there is no special or explicit reference to palm oil in the deal. The result of the trialogous meeting is also not a ban or restriction of palm oil or biofuel imports.


Furthermore, the relevant provisions of the Renewable Energy Directive (RED) II are intended only to regulate the extent to which certain biofuel can be calculated by EU member states to achieve their sustainable energy targets.


However, the approved RED II text stipulates that the contributions of certain categories of bio-fuels, particularly those that have a high risk of indirect land-use change (ILUC) and from the expansion of food or raw materials, the production area of which is significantly the land with high carbon stocks, will be limited at the consumption level of 2019.


The Indonesian government considers that the draft EU trio results would use ILUC as a criterion, reflecting a more European view of the unilateral than internationally accepted views.


ANTARA




CPO

Related News

11 Largest Palm Oil Producing Countries in the World, Indonesia Ranked 1st

9 hari lalu

11 Largest Palm Oil Producing Countries in the World, Indonesia Ranked 1st

Which countries were considered the world's largest palm oil producers in 2023?

Read More

Jokowi Visits North Sumatra, Inaugurates Red Cooking Oil Plant

50 hari lalu

Jokowi Visits North Sumatra, Inaugurates Red Cooking Oil Plant

Jokowi is scheduled to inaugurate a red cooking oil pilot factory in North Sumatra.

Read More

Palm Oil Buyers Switch to Cheaper Rival Oils

9 Februari 2024

Palm Oil Buyers Switch to Cheaper Rival Oils

The rebound in palm oil prices is likely to be capped by abundant supplies of rival soy oil and sunflower oil.

Read More

Today's Top 3 News: Malaysia and Indonesia See EUDR as Detrimental to CPO Exports

7 Februari 2024

Today's Top 3 News: Malaysia and Indonesia See EUDR as Detrimental to CPO Exports

Here is the list of the top 3 news on Tempo English today.

Read More

Malaysia and Indonesia See EUDR as Detrimental to CPO Exports

7 Februari 2024

Malaysia and Indonesia See EUDR as Detrimental to CPO Exports

Both Indonesia and Malaysia are of the view that the European Union Deforestation Regulation (EUDR) will harm the exports of crude palm oil (CPO).

Read More

Prabowo's Promise to Stop Fuel Imports Difficult to Achieve, Economist Says

27 November 2023

Prabowo's Promise to Stop Fuel Imports Difficult to Achieve, Economist Says

residential candidate Prabowo Subianto promised that he would stop importing fuel oil (BBM) if he was elected president in the upcoming 2024 elections

Read More

GAPKI Records Surge in Indonesian Processed Palm Oil Export

22 November 2023

GAPKI Records Surge in Indonesian Processed Palm Oil Export

GAPKI recorded a 29.9 percent surge in processed palm oil exports in September

Read More

Indonesia Launches Crude Palm Oil Futures Exchange

13 Oktober 2023

Indonesia Launches Crude Palm Oil Futures Exchange

Indonesia officially launched its crude palm oil (CPO) futures exchange today, October 13.

Read More

Global CPO Market on the Rise, South Sumatra FFB Hikes to Rp2,362

12 September 2023

Global CPO Market on the Rise, South Sumatra FFB Hikes to Rp2,362

The global crude palm oil (CPO) market is waking up, affecting directly the fresh fruit bunch (FFB) price from the first period of September 2023.

Read More

Saudi Arabia Looks to Invest in Indonesia's Palm Oil Industry

27 Juli 2023

Saudi Arabia Looks to Invest in Indonesia's Palm Oil Industry

Saudi Agriculture and Livestock Company (SALIC) of Saudi Arabia is interested to invest in vegetable oil products or palm oil in Indonesia.

Read More