3471World Current AffairsMedium
Edible Oil Trade associations from five palm oil importing countries in South Asia – India, Pakistan, Sri Lanka, Bangladesh, and Nepal, announced the setting up of: ____________?
ASouth Asian Oil Alliance (SAOA)
BAsian Palm Oil Alliance (APOA)
CSouth Asian Palm Oil Alliance (SAPOA)
DAsian Oil Alliance (AOA)
Correct answer
B. Asian Palm Oil Alliance (APOA)
Explanation
Edible oil trade associations from five palm oil importing countries in South Asia – India, Pakistan, Sri Lanka, Bangladesh and Nepal, announced the setting up of Asian Palm Oil Alliance (APOA). The idea is to gain collecting bargaining power and make imports sustainable.