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Jakarta Post

China agrees to increase palm oil imports from Indonesia

  • Marguerite Afra Sapiie

    The Jakarta Post

Jakarta   /   Mon, May 7, 2018   /   06:42 pm
China agrees to increase palm oil imports from Indonesia Chinese Premier Li Keqiang (center) and President Joko "Jokowi" Widodo (center right) greet schoolchildren at the Bogor Palace on May 7. (AFP/Pool/Adek Berry)

President Joko "Jokowi" Widodo and Chinese Premier Li Keqiang agreed on Monday to bolster trade between their two countries, including to increase Indonesia's crude palm oil (CPO) exports to China.

Jokowi received Li at the Bogor Palace on Monday in a visit that marked the fifth year of the Indonesia-China Comprehensive Strategic Partnership. The two leaders held a bilateral meeting and discussed ways to improve cooperation.

"Premier Li Keqiang has especially agreed to increase [Indonesia's] palm oil exports to China by up to 500,000 tons [per year]," Jokowi said in a joint statement after the meeting on Monday. 

China is a major importer of Indonesia's palm oil. According to the Indonesian Palm Oil Producers Association, Indonesia exported 3.73 million tons of CPO to China in 2017, an increase of 16 percent from 3.23 million tons in 2016.

Moreover, Jokowi said he had asserted the importance of increasing commodity exports to China, including swift's nest, coffee and cocoa, as well as tropical fruits such as mangosteen and dragon fruit.

In his statement, Li said he would immediately brief related ministries and organizations on the increase of Indonesian palm oil exports. He also said China would increase imports of the promoted commodities, however he did not elaborate on import volume targets. (evi)