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Conditional Victory for Indonesian Palm Oil

Monday, 22 March 2021

Switzerland approved free trade agreement with Indonesia. With the condition, however, that Indonesia produce palm oil in a sustainable and environmentally friendly way.

A worker unloads fresh fruit bunches (FFB) of palm oil in Rantau Bais village, Rokan Hilir, Riau, March 8. The price of palm oil FFB increases in the second week of March due to increased export and domestic demand so that the price of crude palm oil (Crude Palm Oil) has increased by Rp15,458,112 per metric ton. Antara/Aswaddy Hamid . tempo : 169535090052_

THE result of Switzerland’s referendum on March 7 showed approval of Swiss people towards economic cooperation between their country and Indonesia, particularly in palm oil trade. The voters gave the green light for a free trade agreement between the two countries, with 51.6 percent approving, and 48.4 percent opposing.

President Guy Parmelin said the referendum results show that the Switzerland believes this trade agreement is proper and


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