China is Ready to Import Two Million Tonnes of Palm Oil in Indonesia

INDUSTRY.co.id - Jakarta - The Chinese government says it is ready to accept palm oil from Indonesia as much as two million tons as a form of increased cooperation in trade between the two countries, Prime Minister Li Keqiang said in Jakarta on Monday (7/5/2018)
"If we remember increasingly increasing China's demand for oil, and also to provide more benefits to 17 million Indonesian farmers in managing and improving palm products, China is ready to add two million tons of palm oil and palm oil from Indonesia," he said. PM Keqiang in his speech at the Indonesia-China Business Summit 2018 event in Jakarta, Monday night.
Keqiang said oil palm and palm oil have a sizeable market in China, so the Chinese Government will increase their imports of palm oil products from Indonesia.
In addition, Keqiang also said it would buy Indonesian agricultural products in addition to oil palm, such as tropical fruits. Therefore, Keqiang hopes that the Government of Indonesia can provide comfort to entrepreneurs to increase exports and imports of both countries.
"We hope that in this regard, Indonesia will also provide comfort to entrepreneurs from China, and I believe that this will show that we will be able to get mutual benefits from our export and import trade," said Keqiang in the presence of Vice President Jusuf Kalla and Chinese and Indonesian stakeholders.
Meanwhile, Vice President Jusuf Kalla said the Government of Indonesia continues to make changes to a better direction and implement policies that can accelerate economic growth through foreign investment, including from China.
"The Indonesian government is continuing to reform the economy to improve economic performance and create an attractive business climate based on the World Bank's 'Ease of Doing Business in Indonesia' index, rising to 72 from 122," said Jusuf Kalla.