MANILA — Agriculture Secretary Manny Piñol said government is seriously considering the possible tightening up on palm oil importations, particularly those coming from Indonesia, to prevent a flooding in the local market and at the same time address the trade gap between countries.
MANILA — Agriculture Secretary Manny Piñol said government is seriously considering the possible tightening up on palm oil importations, particularly those coming from Indonesia, to prevent a flooding in the local market and at the same time address the trade gap between countries.
Piñol noted that Indonesia exports USD1 billion worth of agricultural products to the Philippines mainly palm oil while allowing only a measly USD50 million worth of exports from the Philippines.
As such, he said a team was sent to Indonesia in December to address the trade gap and also discuss the removal of import restrictions on Philippine horticultural and animal products. The restrictions imposed by Jakarta caused the “drastic” decline in the volume and value of shipments of agricultural products.
See full article at Philippine News Agency
