Palm oil in focus as Swiss vote on trade pact with ...
Mar 03, 2021· Under the FTA, both parties will gradually reduce or abolish import duties on industrial products. For palm oil, Switzerland will reduce tariffs by about 20%40% for up to 12,500 tonnes per year, but only if sustainability standards are met. Indonesia is the world's top producer of palm oil, which is used in cosmetics, food products and biofuels.