New Journey(SZ:002219) Xiao Fei Ri Bao Wang·2025-12-29 06:28Core Insights - 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 the two countries, 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]. Group 2: Economic and Environmental Goals - The initiative is seen as a key industry for deepening regional cooperation and achieving mutual benefits, emphasizing the importance of food security, reasonable profits, affordable prices, and sustainable development [2]. - The collaboration is expected to support the integration of Indonesia's Sustainable Palm Oil Certification (ISPO) with China's sustainable development policy standards [2]. Group 3: Stakeholder Involvement - The Indonesian Palm Oil Association (GAPKI) will support the implementation of the mechanism, while WWF teams from both countries will provide technical support and share international experiences [3]. - The dialogue mechanism is considered a milestone, building on previous efforts by partners like WWF and the China Sustainable Palm Oil Initiative (CSPOA) to connect sustainable practices between market and production ends [3].