Malaysia: Minister promises aggressive fight against foreign pressures on palm oil

Published 2022년 1월 17일

Tridge summary

The European Union (EU) plans to ban palm oil imports by 2030 due to sustainability concerns, which has been referred to the World Trade Organisation (WTO) by Malaysia. Malaysian Minister of Plantation Industries and Commodities, YB Datuk Hajah Zuraida Kamaruddin, has promised to defend the palm oil industry and present evidence to the WTO to support Malaysia's protests. The ministry is also planning to modernise the palm oil industry and expand into new markets, including Central Asia, South Asia, and the Middle East.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The EU plans to phase out palm oil imports by 2030, largely based on sustainability concerns which the palm oil sector has denied. In May 2021 the World Trade Organisation (WTO) accepted Malaysia’s request to establish a panel to present its protests against this move, which Malaysian Minister of Plantation Industries and Commodities (MPIC) YB Datuk Hajah Zuraida Kamaruddin revealed will commence in March this year. Datuk Zuraida, who oversees the palm oil sector, also made an impassioned pledge to the palm oil industry earlier this month, at the Malaysian Palm Oil Council’s (MPOC) Reach & Remind Friends of the Industry Seminar and Dialogue 2022, promising to battle against palm oil dissenters and defend the sector during the hearing in Brussels. “The case has been filed, and we are going to provide complete dossiers [and research] regarding all that has been done in Malaysia regarding these accusations and to [refute them],”​ Datuk Zuraida told the floor. “We will show them how ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.