Indonesia eyes new CPO markets in Middle East, South Asia

29 November, 2018 | Source: Antara News

Indonesia, through the Ministry of Trade, is seeking to expand markets for its crude palm oil (CPO) products and derivatives to new export destinations in the Middle East, South Asia, and other regions.

The Ministry of Trade is eyeing new markets, given the negative sentiment from one of its main markets, the European Union, still persists.

"The trade of Indonesian palm oil in the European Union market is especially disturbed, and we are looking at other countries outside the main market," Director General of National Export Development at the Ministry of Trade Arlinda stated in Jidda on Thursday.

The director general remarked that the products can be exported to markets of non-traditional countries in other parts of the world.

Arlinda outlined non-traditional countries in several regions, which are nations that Indonesia had yet to do palm oil trade.

"We can focus on the non-traditional markets of countries in the Persian Gulf border, such as Saudi Arabia, Oman, Bahrain, Kuwait, the United Arab Emirates, and Qatar," he remarked.

The issue involving Qatar and other Arab countries can be an opportunity for Indonesia to enter and fulfill the product needs of the country.

In addition, Indonesia can focus on countries in South Asia, including India, Pakistan, Sri Lanka, and Bangladesh.

The Ministry of Trade also explores markets in Chile, which is adjacent to Latin America, Kazakhstan, and Uzbekistan.

"In eastern Europe, Russia, Kazakhstan, Uzbekistan, and even Russian fractional countries are also our target," Arlinda stated.

In Africa, the Ministry of Trade is negotiating with Mozambique; Tunisia, which is close to Italy; Morocco, which is close to Spain; and Algeria, which has a free trade agreement with Europe.

Speaking in connection with the negative palm oil campaign, Arlinda noted that Indonesia was striving to allay concerns and prove that the allegations filed were untrue.

 

Indonesian oil and gas company Pertamina and Omani company Overseas Oil & Gas (OOG) here on Monday expressed commitment to developing the Grass Root Refinery (GRR) project or constructing a new refinery in Bontang, East Kalimantan.
Member countries of the Association of Southeast Asian Nations (ASEAN) are expected to open their markets for startup companies from the region, especially unicorn startups, to boost development of the regional digital economy.
Indonesia, through the Ministry of Trade, is seeking to expand markets for its crude palm oil (CPO) products and derivatives to new export destinations in the Middle East, South Asia, and other regions.
North Maluku Cultural Heritage Preservation Agency (BPCB) explored the legacy of prehistoric rock art in the form of hand-drawn paintings and other motifs on walls of caves on Kisar Island, Southwest Maluku District, Maluku Province.
Executive Director of the BI Communication Department Agusman said that Indonesia`s national economy posted solid growth in the third quarter of 2018, namely 5.17 percent (yoy), on the back of domestic demand.
President Joko Widodo (Jokowi) talked about the role of small and medium enterprises (SMEs) to promote inclusivity and reduce inequality in the globalization era, during the working lunch of the APEC Summit in Port Moresby, Papua New Guinea, on Sunday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu