Minister of Trade Asks Canadian Support for Palm Products and Derivatives Products

By : Herry Barus And Aldo Bella Putra | Sunday, September 10 2017 - 21:00 IWST

INDUSTRY.co.id - Jakarta - Trade Minister Enggartiasto Lukita called on the Canadian Government to support the trading of palm oil (CPO) products and its derivatives, which have been widely accused of negatively from the international world.

This was conveyed by Enggartiasto during a dialogue with Canadian delegation led by Parliamentary Secretary to the Minister of Internation Trade of Canada Pamela Goldsmith-Jones representing Minister of International Trade Franois-Philippe Champagne.

"We ask Canada to support Indonesia for crude palm oil (CPO) products and their derivatives, especially biodiesel in international trade," Enggartiasto said in a written statement received by the Editor. Sunday (10/9/2017)

In addition, Enggartiasto continued, Indonesia also asked for support for the development of micro small and medium enterprises (UMKM) and a comprehensive study to see the impact of the implementation of the ASEAN-Canada FTA on the economic growth of both parties.

In addition, Indonesia also supports the Canadian proposal related to Exploratory Discussion aimed at the exchange of trade data information and regulatory regime between ASEAN and Canada in supporting the implementation of the study.

Enggartiasto added that Indonesia as the coordinator of the ASEAN-Canada partnership views Canada as an ASEAN partner with considerable potential to drive ASEAN's economic growth. This is indicated by the ASEAN-Canada trade value which reached CAD 21.6 billion in 2016.

"Canada's desire to establish an FTA with ASEAN is a positive signal for the world that ASEAN is solid," Enggartiasto said.

The Minister of Trade also hopes that Canada will immediately realize the cooperation to increase MSMEs in ASEAN. The commitment is contained in the Economic Development Cooperation Project for SMEs (SMEs) and is one part of ASEAN-Canada's inclusive and inclusive economic growth program.

In a series of 49th ASEAN Ministers' Meeting (AEM) in Pasay, the Philippines, in addition to holding bilateral meetings with Canada, Indonesia also met with the United States-ASEAN Business Council (US-ABC).

At a bilateral meeting with the US-ABC Delegation the Minister of Trade expressed that Indonesia is open as the main objective of investment. This statement responds to US-ABC questions regarding the manner and certainty of investing in Indonesia, which is based on its desire to invest and cooperate in the pharmaceutical sector.

At the meeting, the US-ABC Delegation was led by US Vice President and Regional Senior Managing Director of US-ABC Ambassador Michael W. Michalak.

"Indonesia will not restrict investment, but Indonesia will issue policies that will facilitate investment and make Indonesia a top investment destination," Enggartiasto said.

Another thing that US-ABC expresses is its desire to be able to provide input on water resources law, payment system security issues in setting up the National Paymet Gateway (NPG), data disclosure and government regulations on e-commerce.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…