Indonesia won’t open market for more agri products 2 SHARES Share it! Every year, Indonesia nets as much as US$1 billion from exporting agriculture products, mainly palm oil, to the Philippines, while the latter can only export food products worth US$50 million to Indonesia. “It looks like they are not yet ready to open up,” Piñol said. For palm oil, the Philippines had earlier sought for the intervention of World Trade Organization (WTO) for the possibility of putting a quantitative restriction (QR) on the said commodity. Nevertheless, Piñol clarified this isn’t a start of “trade war” between Philippines and Indonesia.
Source: Manila Bulletin January 11, 2019 13:52 UTC