According to INQUIRER.net | Philippine news for Filipinos, Following a meeting between the leaders of the two nations, Indonesia and Malaysia, the two largest producers of palm oil in the world, decided to cooperate to combat "discrimination" against the product on Monday.
Following a meeting with Malaysian Prime Minister Anwar Ibrahim, who was on his first international tour since being elected in November, Indonesian President Joko Widodo made the comments, in which Widodo, who particularly known as Jokowi, said that two nations will jointly fight against discrimination against palm oil with strengthen cooperation through the Council of Palm Oil Producing Countries.
According to Indonesia and Malaysia agree to fight `discrimination' against palm oil | Inquirer Business, Due to the deforestation, the European Union plans to discontinue palm oil-based fuels by 2030.
During their bilateral meeting, Anwar and Jokowi signed eight memorandums of understandings covering shipping, export-import financing, green energy, the development of battery industry, which they said they hoped would deepen cross border trade and investment.
Anwar and Jokowi signed eight memorandums of understanding in the bilateral meeting, which both parties hoped to increase cross-border trade and investment. The agreements included shipping, green energy, the development of the battery industry, and export-import financing.
Anwar presented 11 letters of interest from Malaysian businesses regarding potential investments in the new city, which is located in the Indonesian portion of Borneo, during the leaders' discussion of the development of Indonesia's planned new capital, Nusantara, which would also stimulate reginal development according to Anwar.
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