According to Plantation Industries and Commodities Minister Zuraida Kamaruddin, the palm oil industry is a strong, resilient and innovative industry that is of strategic importance to the country.
In Malaysia, palm oil has had a positive impact with a domino effect that directly benefits local communities by not only establishing necessary infrastructure, but also uplifting their livelihoods. The reason is that India and China imported a total of 5.48 million tonnes of palm oil in 2020, alongside 4.95 million tonnes from January to November last year.
When it comes to China, Zuraida shares that Malaysia is right on the doorstep of the Chinese consumer market, owing to the establishment of the Palm Oil Research and Technical Service Institute of Malaysia in 2005. She explains, “This is associated with the trade protectionism agenda of the EU, which is a major producer of rapeseed oil.
“Malaysia has always adopted a diplomatic approach in addressing trade issues relating to its commodities. We will therefore continue to engage the EU constructively to resolve this issue. She adds, “We will also utilise various avenues to exchange unambiguous information with the EU on the sustainability of our palm oil industry.“Still, the ‘softly-softly’ approach may not always work out and Malaysia must be prepared to take firm action whenever required.
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