Jakarta, Feb. 28 -- The Indonesian Palm Oil Association (GAPKI) expects exports to the US to climb toward 3 million tons within three years if tariffs return to zero, as trade negotiations continue following a US Supreme Court ruling on reciprocal duties.
Exports to the US have more than doubled over the past five years, rising from below one million tons to above two million tons, said GAPKI Chairman Eddy Martono.
"If this is managed properly and tariffs return to zero, in the next two to three years we could approach 3 million tons," Eddy told ANTARA in Jakarta on Friday evening.
GAPKI noted that the US imports significant volumes of palm oil, primarily from Indonesia, which now accounts for about 89 percent of US palm oil imports.
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