NANNING: China’s imports of Malaysian palm oil will double to 500,000 tonnes a year from the current 250,000 tonnes following the exchange of a memora...
NANNING, Sept 17 -- Prime Minister Datuk Seri Anwar Ibrahim, accompanied by several Malaysian ministers, witnessing the exchange of the Memorandum of Understanding between Sime Darby Oils International Ltd and GuangXi Beibu Gulf International Port Group with a potential trade value of RM2.5 billion.
Prime Minister Datuk Seri Anwar Ibrahim and several other ministers witnessed the MoU exchange in conjunction with his one-day working visit to Nanning, China.“This is a perpetual agreement with China, which is a huge achievement for the parties involved,” he said during his visit to the 20th China-Asean Expo .
The MoU would also see the joint development of a refined palm oil and fats distribution and trading centre in Qinzhou, China, by Sime Darby Oils and GuangXi Beibu Gulf, with exports estimated to be worth RM2.5 billion. - Bernama
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