TEMPO.CO, Jakarta – Indonesia has formally handed over the management of the Council of Palm Oil Producing Nations (CPOPC) to Malaysia for 2023. The hand-over ceremony happened on the Resort Mandarin Oriental in Jakarta on Thursday, February 9.
“On this event, we formally hand over the chair of the CPOPC to the honorable Dato’ Sri Fadillah as head of the Malaysian presidency [for CPOC] for the yr 2023,” Indonesia’s Coordinating Minister for Financial Affairs Airlangga Hartarto stated.
Airlangga and Fadillah Yusof, Malaysia’s Commodities Minister, additionally agreed on the involvement of main exporting international locations by coverage dialogue and techniques for implementing Indonesia Sustainable Palm Oil (ISPO) and Malaysian Sustainable Palm Oil (MSPO) certifications within the international market.
“The assembly additionally mentioned CPOPC’s membership enlargement technique, which was agreed to incorporate Honduras because the third member of CPOPC within the close to future,” stated Airlangga.
Honduras will turn into the third nation and the primary Latin American nation nation to affix CPOPC.
Joint mission to counter discrimination towards the palm oil trade
Airlangga stated that Indonesia and Malaysia have additionally agreed to speak and counter undesirable penalties from the European Union’s (EU) rule on deforestation towards the 2 nations’ palm oil trade.
In December, the EU imposed a brand new regulation stopping espresso, palm oil, soybeans and different crops that they declare have resulted in deforestation from getting into its market. Indonesia and Malaysia, because the world’s largest palm oil producers, deem the regulation as discriminatory.
Airlangga added that after the joint mission to the EU, they are going to make a go to to India to take a look at the potential for alternatives in addition to promote ISPO and MSPO, which India has acknowledged.
Amelia Rahima Sari
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