Editorial board (The Jakarta Post)
Mon, January 16 2023
As Indonesia and Malaysia account for almost 90 percent combined of the world’s palm oil production and this commodity plays a very important role in their economies, supplying almost 50 percent of the global vegetable oil, the two countries should have been able to come together to become a leader in the edible oil market.
But we observe both countries have yet to prove they can fully work together in an atmosphere of mutual trust even six years after they established the Council of Palm Oil Producing Countries (CPOPC), which many in the advanced countries see as a cartel-like organization.
We were encouraged therefore when President Joko “Jokowi” Widodo and Malaysia’s new Prime Minister Anwar Ibrahim announced after their first summit meeting in Jakarta earlier last week that both countries would fight discriminative trade policies against palm oil and expressed commitment to strengthening cooperation through the CPOPC.
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