MARKET DEVELOPMENT
Malaysia, Indonesia To Sign Charter Of The Council Of Palm Oil Producing Countries
Malaysia, Indonesia To Sign Charter Of The Council Of Palm Oil Producing Countries
23/11/2015 (Bernama) - Malaysia and Indonesia will sign the Charter of the Establishment of the Council of Palm Oil Producing Countries (CPOPC) tomorrow to further promote cooperation among oil palm cultivating countries.
The Ministry of Plantation Industries and Commodities (MPIC), in a statement today, said both countries, which are the founding members of the CPOPC, contribute 85 per cent of the global palm oil market.
The objectives of CPOPC, include promoting consultation on the development of the palm oil industry among stakeholders in the oil palm cultivating countries, enhancing the welfare of oil palm smallholders, developing and establishing a global framework of principles for sustainable oil palm, as well collaborating in research and development, and training.
The membership of CPOPC is open to all oil palm cultivating countries like Thailand, Papua New Guinea, Nigeria, Colombia and Liberia.
Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas and Indonesian Coordinating Minister for Maritime Affairs and Resources Dr. Rizal Ramli will be attending the signing ceremony the Charter on the formation of the CPOPC Malaysia and Indonesia.
The ceremony will be witnessed by Prime Minister Datuk Seri Najib Tun Razak and Indonesian President Joko Widodo.
The formation of the CPOC was agreed upon by Joko Widodo and Najib during a meeting in Bogor, Indonesia on Oct 11 before both countries discussed and finalised a Memorandum of Understanding for its establishment.
The Ministry of Plantation Industries and Commodities (MPIC), in a statement today, said both countries, which are the founding members of the CPOPC, contribute 85 per cent of the global palm oil market.
The objectives of CPOPC, include promoting consultation on the development of the palm oil industry among stakeholders in the oil palm cultivating countries, enhancing the welfare of oil palm smallholders, developing and establishing a global framework of principles for sustainable oil palm, as well collaborating in research and development, and training.
The membership of CPOPC is open to all oil palm cultivating countries like Thailand, Papua New Guinea, Nigeria, Colombia and Liberia.
Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas and Indonesian Coordinating Minister for Maritime Affairs and Resources Dr. Rizal Ramli will be attending the signing ceremony the Charter on the formation of the CPOPC Malaysia and Indonesia.
The ceremony will be witnessed by Prime Minister Datuk Seri Najib Tun Razak and Indonesian President Joko Widodo.
The formation of the CPOC was agreed upon by Joko Widodo and Najib during a meeting in Bogor, Indonesia on Oct 11 before both countries discussed and finalised a Memorandum of Understanding for its establishment.