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News Focus: INDONESIA EXPECTED TO INCREASE CPO EXPORTS TO PAKISTAN.
from ANTARA, The Indonesian National News Agency Jakarta, March 1 (ANTARA) - Indonesia, the world's biggest crude palm oil (CPO) producer, is expected to increase its exports of the commodity to Pakistan after the latter has agreed to cut by 10 percent its import duty on Indonesian CPO exports under a preferential trade agreement (PTA) scheme.
"During the on-going talks on PTA, Pakistan has agreed to lower its import duty on Indonesia's CPO and CPO base-product exports by 10 percent," Trade Minister Mari Elka Pangestu said on the sidelines of the 14th ASEAN summit in the Thai resort city of Hua Hin over the weekend.
Indonesia, whose annually CPO production is estimated at between 19 and 20 million tons, has lobbied Pakistan to obtain a PTA …
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