ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei Markets

Malaysia To Raise EU's Palm Oil Move At WTO Committees In March, April

By Sarah Nadlin Rohim
Nikkei Markets
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; sarah.nadlin@nikkeinewsrise.com; +60320267363
- Edited by Jason NG
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2018 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more