IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Export-related non-tariff measure, nes

 On 3 October 2015, Indonesian and Malaysian ministers announced plans to establish aCouncil of Palm Oil Producing Countries - an organization aimed at coordinating palm oil production, stabilising prices, and managing stocks. This organization may end up effectively managing trade in this commodity.
Once established, the Council would be able to coordinate and control the price of 85% of the palm oil sold worldwide.
According to press reports Thailand, the third largest producer of palm oil, has been invited to join the Council too.
Update
On 21 November 2015, the two countries signed up to the new palm oil body. It remains unclear when the Council will come into effect. One week later, on 27 November 2015, the Indonesian Palm Oil Producers Association was cited in the media saying it was looking forward to harmonise its palm oil certification with its Malaysian counterparts, as part of the Council's strategy.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

014 Oilseeds & oleaginous fruits
1207 Other oil seeds and oleaginous fruits, whether or not broken.
120710 Palm nuts and kernels
120740 Sesamum seeds
120799 Other
215 Animal fats
1516 Animal or vegetable fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.
151610 Animal fats and oils and their fractions
216 Vegetable oils
1511 Palm oil and its fractions, whether or not refined, but not chemically modified.
151110 Crude oil
151190 Other
1513 Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified.
151311 Crude oil
151319 Other
151321 Crude oil
151329 Other
1516 Animal or vegetable fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.
151620 Vegetable fats and oils and their fractions
219 Oil-cake; flours & meals of oil seeds; vegetable waxes; etc.
2306 Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils, other than those of heading 23.04 or 23.05.
230650 Of coconut or copra
230660 Of palm nuts or kernels
230690 Other
341 Basic organic chemicals
3823 Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols.
382311 Stearic acid
382312 Oleic acid
382313 Tall oil fatty acids
382319 Other
382370 Industrial fatty alcohols

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