Liberia and Indonesia establish expansion of cooking oil cooperation

Published 2024년 9월 3일

Tridge summary

Liberian President Joseph Nyuma Boakai is pursuing to expand cooperation with Indonesia in the manufacturing of cooking oil, following a partnership with an Indonesian private company worth over $2 billion. This partnership is part of South-South cooperation and aims to extend the project up the value chain to produce other finished products. The President also seeks to diversify markets and improve trade relations. Both leaders have shown a commitment to continue cooperating for mutual progress. The Indonesian Ministry of Foreign Affairs noted that the total delegation at the leaders' forum reached over 1,400 people from 29 countries, with the President of Ghana also expressing interests in improving bilateral relations with Indonesia.

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Original content

Liberian President Joseph Nyuma Boakai is targeting opportunities to expand cooperation in the manufacture of cooking oil with Indonesia. He stated this at the 2nd Indonesia-Africa Forum (IAF) held in Nusa Dua, Bali. ADVERTISEMENT President Boakai said that Liberia has started a partnership with an Indonesian private company that has investments in the palm oil industry through South-South cooperation with a value of more than 2 billion US dollars or equivalent to Rp31.1 trillion. "We now hope to continue this project up the value chain for the manufacture of cooking oil and other finished products and other derivatives for the domestic and international markets," said President Boakai, Tuesday (3/9/2024). Also Read: BPDPKS Details the Success of Palm Oil Downstreaming, From Biodiesel Incentives to Red Edible Oil Factories He also hopes that the implementation of the 2nd IAF can be a forum to realize cooperation between Indonesia and Africa. In addition, he emphasized that as ...

Source: Wartaekonomi