Zahid: M'sia To Review Palm Oil Trade From Europe
33 views · Published 28 January 2018 · 1:12 · Indexed 19 October 2026
Channel: 7Edition · 2018 · News & Politics
The government is reviewing the purchase of products from countries in the European Union (EU), following the proposal by the economic and political bloc to ban palm oil biofuels by 2020. Deputy Prime Minister, Datuk Seri Zahid Hamidi said the move for the review was decided during the Cabinet meeting last week, chaired by Prime Minister, Datuk Seri Najib Tun Razak He also said if approved by the E-U, the proposal would affect the incomes of some 500,000 smallholders across the country. In fact, he stressed, the decision could be considered as a discrimination, which would affect the demand for palm oil, which is one of the biggest commodity-based export contributors, with a value of RM71.5 billion last year. The deputy premier also gave his assurance that the government would take appropriate measures to ensure that the future of Malaysia’s palm oil was safeguarded. (Soundbite Of Datuk Seri Zahid Hamidi / Deputy Prime Minister Subtitle : They carried out various marketing efforts so that we buy their products, but (they) don’t want to buy our products. Malaysia is not a country that can be manipulated.)
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