Switzerland starts approaching Indonesia to discuss palm oil

Published 2021년 11월 2일

Tridge summary

Swiss Parliament Chairman, Alex Kuprecht, has initiated discussions for a trade agreement between Switzerland and Indonesia, which includes the potential for reduced import duties on palm oil. Despite environmental concerns, the agreement will see customs duties on palm oil reduced by 20-40%, with a annual quota of 12,500 tons. This comes as Switzerland's trade with Indonesia continues to grow, with Swiss exports to Indonesia valued at 498 million Swiss francs in 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Chairman of the Swiss Parliament, Alex Kuprecht, visited Indonesia today, Monday (1/11/2021). This visit marked the start of a trade agreement between Indonesia and Switzerland. During the visit, Kuprecht opened his voice about Indonesia's leading export commodity to the Alps, namely palm oil. Kuprecht said that the commodity was included in the list of goods that received relief from import duties contained in the agreement called Indonesia-EFTA CEPA. He admitted that the discussion about this commodity itself was very intensive. Because the planting of oil palm always intersects with environmental issues and natural sustainability. In fact, the Swiss government had held a referendum on Indonesian palm oil. "The discussion on CPO was very intensive, and EFTA was finally approved because in the agreement there was a clause about the conditions that must be met," he told CNBC Indonesia. For palm oil, customs duties will not be removed but reduced by ...

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