JAKARTA - The government is targeting an increase in exports of processed crude palm oil (CPO) products to Turkey, which is currently experiencing market development constraints.
This was stated by the Coordinating Minister for the Economy Airlangga Hartarto when holding a virtual press conference after President Joko Widodo (Jokowi) and Turkish President Recep Tayyip Erdogan met at the G20 Italy Summit.
According to Airlangga, Indonesia is trying to optimize the framework for cooperation with Turkey as stated in the Indonesia-Turkey Comprehensive Economic Partnership Agreement (IT CEPA).
"We all know that Indonesian CPO has a big market in Turkey, but it's currently in decline, so to restore it we need to accelerate," he said, Sunday, October 31.
To realize these interests, President Jokowi is said to have sent the Minister of Trade as a technical official who will regulate the course of further negotiations.
On that occasion, information was also obtained if President Erdogan had accepted an invitation to come to Indonesia. It is said if the visit will be held at the beginning of next year.
"I look forward to His Majesty (President Erdogan)'s visit to Indonesia in January or February 2022. I believe this visit will further strengthen relations between Indonesia and Turkey. For this reason, the Foreign Ministers of the two countries must prepare for the visit well," said President Jokowi.
For information, data released by the Indonesian Palm Oil Association (Gapki) states that until August 2021 the value of CPO exports amounted to 4.42 billion US dollars. Meanwhile, special CPO exports to the European region tend to stagnate with the last record of 1.4 million tons in August 2021.
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