Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution at a press conference in Putrajaya January 30, 2019. — Picture by Shafwan Zaidon
“In reality, the Delegated Act is a protectionist instrument to restrict palm oil in the European market. It is mind boggling that the less competitive and less efficient oilseeds such as rapeseed, sunflower oil, canola and soybean are classified as ‘low risk’,” he added. “Such an aggressive trade barrier targeted at Malaysia’s national interests and our 650,000 smallholders cannot pass without a strong response,” he added.
Describing the situation as highly regrettable for Malaysian palm oil producers and for European exporters, he noted that it was also avoidable.
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