Roundtable on Sustainable Palm Oil: China and India should reduce tariffs on environmentally friendly olive oil products
The Roundtable on Sustainable Palm Oil (RSPO) recently issued a statement: Mainland China and India, the world’s largest importers of edible palm oil, should reduce tariffs on environmentally friendly palm oil products to encourage manufacturers to produce more products that are environmentally friendly to health and the environment. Beneficial cooking oils. The Sustainable Palm Oil Roundtable was established in 2004 to provide a communication platform for manufacturers, consumers, and environmental groups to jointly advocate the expansion of the use of environmentally friendly palm oil products, avoid the ecological damage of the palm oil industry, and reduce forest degradation. coverage\rate. RSPO Chairman Jan-Kees Vis said that the EU dominates the high-priced environmentally friendly palm oil market, preventing the product from being popularized in the highly price-sensitive Chinese and Indian markets. As a result, people cannot enjoy environmentally friendly palm oil. CSPO calls on China and India to Reducing tariffs on certified sustainable palm oil (CSPO) products will increase competitiveness against non-certified products. This can also encourage manufacturers to produce a greater proportion of sustainable palm oil. The current annual output value of green palm oil is about 6 million metric tons, with a market share of 12%. Currently, mainland China imposes a 2% tariff on industrial palm oil products and a 9% tariff on edible vegetable oil. India imposes tax exemptions on certified palm oil products and requires a tariff of 7.5% for higher quality products. Source: &