India Commits to Purchase Palm Oil from Indonesia 2,6 Million tons

India Commits to Purchase Palm Oil from Indonesia 2,6 Million tons

InfoSAWIT, New DELHI – Minister of Trade, Zulkifli Hasan led the trade mission delegation from Indonesia to New Delhi, India and successfully booked export potential reaching US$ 3,2 billion. In the trade mission, Monday (22/8), Zulkifli Hasan also took 10 stakeholders, exporters, and associations from Indonesia. the visit was the first one to other country since Zulkifli was inaugurated as Minister of Trade on 15 June 2022.

"Trade mission delegation of Indonesia to India successfully booked export potential for about US$ 3,2 billion or about Rp 46,98 triliun. The numbers were from the signing of 22 memorandum of understandings (MoU) with the stakeholders from the two countries,” he said.

He also explained, India was selected as the first visit because it is the strategic trade partner of Indonesia. “The two countries have long and good history, the members of G20, and the economy helps each other because of the needs one to the other,” Minister Zulkifli said, as in the official statement to InfoSAWIT, Tuesday (23/8/2022).

He also explained the signing of 22 MoU in the trade mission covers crude palm oil (CPO), coal, tools, olein, furniture, plastics, pulp and paper within the total about US$ 3,2 billion. "Particularly in CPO, the total commitment that came to a conclusion reached 2,6 million tons or about US$ 3,16 billion,” Zulkifli told.

The Ambassador of Indonesia for India and Bhutan Ina Hagniningtyas Khrisnamurti; and General Director of National Export Development, Didi Sumedi did witness the signing. (T2)