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Economy

Asian palm oil producers slam EU moves to restrict market access

Indonesia and Malaysia accuse EU of protectionism under guise of conservation concerns

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A forest fire burns near a palm oil plantation at Tanah Putih district in Rokan Hilir, Indonesia Riau province, February, 2017   © Reuters

JAKARTA -- Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.

Government ministers from Malaysia and Indonesia, along with some regional palm oil producers, met in Jakarta on April 11 to plan a response to a resolution approved on April 4 by European parliament members concerning "palm oil and deforestation."

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