WorldMalaysia, Indonesia argue with EU over palm oil

Malaysia, Indonesia argue with EU over palm oil


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Palm oil. archive photo

Malaysia, Indonesia protest new EU law affecting palm oil

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MOSCOW, January 12 – RIA Novosti. Malaysia and Indonesia, the world’s largest palm oil producers, have decided to unite against a new EU deforestation law that affects the supply of this commodity, a Malaysian newspaper reported. star.

Earlier, the European Union said it plans to limit the supply of palm oil if the products are not certified for deforestation in the manufacturing process.

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According to the publication, Malaysia and Indonesia considered the bill unreasonable and disrupting trade relations with the European Union.

Malaysian Trade Minister Fadilla Yusof said, “Palm oil is considered the cheapest oil in the world. Therefore, the EU’s continued maneuvering measures seem to be a trade barrier to protect its own products. Right now, the World Trade Organization must intervene.” by the newspaper.

He added that Malaysia is actively discussing with Indonesia the possibility of completely halting the supply of palm oil to the European Union.

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“One of the options is to stop exports to Europe and focus on other countries if the EU continues to interfere with us,” the minister said. said.

Source: Ria

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I'm Harold O'Connor and I work as an author and editor for News Unrolled, a news website dedicated to delivering the latest world events. With my in-depth research skills, passion for news writing, and keen eye for detail, I strive to provide readers with accurate information on current affairs from around the globe.


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