Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/01/2021
Policy Category
Trade
Policy Instrument
Sector-specific, bilateral trade initiatives
Description
Through the platform of the Council of Palm Oil Producing Countries, Indonesia and Malaysia agreed to jointly implement a pro-palm oil campaign in Europe, where increasingly stringent regulations and negative consumer sentiment related to sustainability issues were seen threatening sales in the commoditys third-largest market.
Notes
Bilateral trade initiatives Malaysia / Indonesia palm oil campaign: The two countries joined forces through the platform of the Council of Palm Oil Producing Countries (CPOPC) to launch an advocacy campaign in Europe, where increasingly stringent regulations and negative consumer sentiment related to sustainability issues are believed to threaten sales in the commoditys third-largest market. Although India and China are larger buyers of palm oil, sentiment in Europe is considered crucial to protect palm oils reputation globally.