Business

M’sia, Indonesia to create best strategic framework to protect palm oil industry

Move to defend both countries against European Union discrimination on product

Updated 5 years ago · Published on 06 Feb 2021 8:00PM

M’sia, Indonesia to create best strategic framework to protect palm oil industry
To oppose discrimination on palm oil by the European Union, Malaysia has filed legal action against the bloc, and will work with Indonesia to preserve the industry. – AFP pic, February 6, 2021

PUTRAJAYA – Malaysia and Indonesia will discuss formulating the best strategy to protect the palm oil industry of both countries, said Plantation Industries and Commodities Minister Datuk Mohd Khairuddin Aman Razali.

He said this is in line with Prime Minister Tan Sri Muhyiddin Yassin’s call for the framework of the Palm Oil Producing Countries Council (CPOPC) to be strengthened to protect the common interests of member countries, particularly Malaysia and Indonesia.

“I will discuss with my Indonesian counterpart, Economic Affairs Coordinating Minister Airlangga Hartarto, to formulate the best strategy to protect the palm oil industry of both countries in the near future,” he said in a statement here today.

CPOPC was established jointly by Malaysia and Indonesia on November 21, 2015, to champion issues related to the palm oil industry.

Khairuddin said Malaysia will continue to work with Indonesia to oppose discrimination on the industry, either in a two-way or multiparty relationship.

He said Indonesia and Malaysia, which are the largest and second-largest producer countries in the world, are constantly seeking to reach an agreement in developing and maintaining the palm oil industry in both countries.

Khairuddin said the Plantation Industries and Commodities Ministry welcomed the call by the prime minister, which was uttered during a meeting with Indonesian President Joko Widodo in Jakarta yesterday, to further strengthen Malaysia’s cooperation with Indonesia to oppose discrimination on palm oil by European Union (EU) countries and several other countries.

He said the two leaders had expressed concern over the unfounded anti-palm-oil campaign, which does not reflect the sustainability of the palm oil industry and its preservation of the environment. The campaign also contradicts the principles of free-trade practices as outlined by the World Trade Organisation (WTO).

Following that, Muhyiddin said Malaysia has filed legal action against the EU with the WTO on January 15, in line with the statement issued on the same day as soon as the filing was done, in addition to a similar action taken by Indonesia against the EU in December 2019. – Bernama, February 6, 2021

Related News

World / 1w

Powerful earthquake strikes off coast of Indonesia; tsunami warning issued

Events / 2w

Former Indonesian president in Penang next month for inaugural Peace Dialogue

Malaysia / 4mth

Hajiji denies claims Sebatik Island land was handed over to Indonesia

Sports & Fitness / 6mth

Malaysia clinches three titles at Indonesia Masters

Sports & Fitness / 7mth

Valencia coach Fernando Martin dies in Indonesia boat accident

Malaysia / 8mth

Halmahera earthquake in Indonesia today poses no tsunami threat to Malaysia

Spotlight

Malaysia

RM245m Penang Hill cable car project 32 per cent complete - CM

By Ian McIntyre

Malaysia

Six locals charged over alleged kidnapping of Singaporean couple in Johor

Malaysia

PM: No political, racial or religious shield for those found guilty in TH, Felda probes

Malaysia

Singapore security guard jailed 14 days, fined RM7,000 for insulting Islam

Health

Dengue cases soar 56% to 58,079 as nation records 55 deaths

Malaysia

NGOs urge BERSAMA to put Indian community agenda on political radar

By Alfian Z.M. Tahir

Health

MOH warns seniors against unproven hydrogen inhalers

Malaysia

Former Tabung Haji CEO remanded seven days as MACC RCI probe deepens

Malaysia

21 held in KLIA-Nilai crackdown on alleged online love scam syndicate

You may be interested

Business

Independent review needed, not blind denial, to address US claims – maritime expert

Business

Oil prices surge as US-Iran standoff, Ukraine strikes rattle global energy markets

Business

Robo.ai expects shareholders’ equity to turn positive after restructuring

By Alfian Z.M. Tahir