Several agricultural products will soon be sold in Indonesian markets, according to Agriculture Secretary Emmanuel Piñol.
He said Indonesia, long known for its restrictive trade regulations which prevent the entry of Philippine products, has finally opened its market to coconut products, banana, onion and tobacco.
Piñol said the announcement was made by Indonesian Trade Minister Enggartiasto Lukita during the bilateral talks with the Philippines held in Shangri-la Hotel in Makati City.
He said Lukita also pledged to work on the request of the Philippines to export poultry products and poultry feeds.
Both countries, Piñol added, also agreed to form a technical working group to work on the issue of oversupply of Palm Oil to the Philippines which resulted in the drop in prices of copra.
Piñol said the Indonesia coffee and snacks giant PT Mayora also signed a purchase agreement for 1,000 metric tons of dessicated coconut and coconut oil.