New Journey(SZ:002219) Xin Lang Cai Jing·2025-12-18 10:15Core Viewpoint - The signing of the "China-Indonesia Sustainable Palm Oil Industry Joint Action Plan Memorandum of Understanding and Bilateral Dialogue Mechanism" marks the establishment of the first industry cooperation platform focused on sustainable palm oil development between China and Indonesia [1][4]. Group 1: Industry Cooperation - The memorandum aims to enhance ecological protection and green trade cooperation between China and Indonesia, aligning with the strategic consensus established in the 2023 joint statement on deepening comprehensive strategic cooperation [2]. - The cooperation platform will facilitate practical collaboration in five areas: certification standards, supply chain traceability and transparency, best practice exchange, policy and industry dialogue, and stakeholder collaboration [2][3]. Group 2: Economic and Environmental Goals - The initiative is expected to support the sustainable supply chain construction of agricultural products, contributing to the organic unity of economic, social, and environmental benefits for both countries [2]. - The alignment of Indonesia's Sustainable Palm Oil Certification (ISPO) with China's sustainable development policy standards is a key focus of the collaboration [2]. Group 3: Stakeholder Involvement - The Indonesian Palm Oil Association (GAPKI) will support the implementation of the mechanism, while WWF China and Indonesia will act as knowledge partners, providing technical support and sharing international experiences [3]. - Representatives from various organizations, including GAPKI and the China Sustainable Palm Oil Initiative (CSPOA), witnessed the signing and engaged in discussions about the progress and future cooperation in the palm oil industry [3].