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China to import 500,000 more tons of palm oil from Indonesia

By HU YONGQI in Jakarta | China Daily | Updated: 2018-05-07 22:18
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China is open to increasing its import quota of Indonesian palm oil by at least 500,000 tonnes, Premier Li Keqiang said on Monday, speaking after a meeting with Indonesian President Joko Widodo at the country's presidential palace in Bogor. [Photo/Agencies]

Premier Li Keqiang said on Monday that China will import 500,000 more metric tons of palm oil each year from Indonesia.

He made the announcement in a speech at a China-Indonesia business summit attended by more than 600 business people.

While importing more goods from Indonesia, China also hopes Indonesia will make it easier for Chinese tangerine growers to export there, he said.

China will firmly adhere to its reform and opening-up to share the benefits of development with the rest of the world, Li said.

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