Indonesia asks India to cut palm oil tariffs in exchange for sugar imports
Jakarta: Indonesia has asked India to cut its tariff on refined palm oil to 45 percent, matching the levy faced by rival producer Malaysia, and has offered market access for Indian sugar in exchange, the trade ministry said on Saturday.
Trade Minister Enggartiasto Lukita made the request during a meeting with Suresh Prabhu, India’s minister of commerce, industry and civil aviation on the sidelines of an India-ASEAN Expo and Summit in the capital of New Delhi.
