By Sarah Nadlin Rohim
KUALA LUMPUR (Jan 22) -- Malaysia will raise potential violation of rules to World Trade Organization committees in March and April following the European Union's move to phase out the use of palm oil, its trade minister said Monday.
At the same time, Malaysia is exploring further counter measures and actions, Minister of International Trade and Industry Mustapa Mohamed said in a statement. Malaysia is also seeking a "comprehensive solution" through the ongoing Malaysia-EU free trade negotiations, he said.
"Malaysia will intensify collaboration with other palm oil producing countries to consider more concerted efforts to voice our strong concern before the various committees under the WTO," Mustapa said.
E.U. lawmakers have approved draft measures to reform the local power market that seek to lower energy consumption to meet broader climate goals. The plan includes a ban on the use of palm oil in motor fuels from 2021.
The EU move comes despite heavy protests from Malaysia and Indonesia, the world's top two palm oil producers, which together account for more than 80% of global palm oil output.
- By Sarah Nadlin Rohim; email@example.com; +60320267363
- Edited by Jason NG
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