Indonesia to consider palm oil barter trade with China
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Last Update: 2002-03-20
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Source: Internet
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Author: User
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Lead: Jakarta (Reuters) - Indonesia is considering a barter trade project with China to trade crude palm oil for China's construction of a railway in Java, Indonesia, according to a senior export official The deal involves 400000 tonnes of crude palm oil, worth $162 million, equivalent to the cost of China's railway construction in Indonesia The project is expected to be implemented in seven years In addition, Indonesia plans to build a palm oil warehouse in Tianjin, China, to promote the export of palm oil.
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