The Palm Scribe

Trade with high tariff

Tempo, 28 May 2018

Trade Minister Enggartiasto Lukita is maximising the national palm oil export to Europe, while at the same time the government also signed cooperation with Turkey. Enggar plans to send a team to Ankara, Turkey to discuss and negotiate on a trade agreement. Until now, Indonesia has yet to have trade agreement with Turkey. Thus, CPO export to Turkey was imposed with an import duty of 31%. This high import duty is deemed a hindrance to Indonesia’s palm oil competitiveness.

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