KUALA LUMPUR: Malaysian palm oil is sustainable, and its zero-tariff rate would be beneficial, according to the Trade and Agriculture Commission , an expert advisory group to the United Kingdom government.
“The facts about Malaysia’s commitment to palm oil excellence are clear. MSPO is the gold standard for sustainable palm oil certification and can assure both importers and UK authorities that all legal requirements are met and no deforestation has taken place.“Malaysia leads the world in sustainable palm oil certification, and we look forward to supplying more high-quality sustainable palm oil to the United Kingdom and other markets,” she said.
“There are potential benefits to the UK if more Malaysian palm oil is exported – because of higher sustainability standards in Malaysia compared with other countries. The UK should move ahead with the planned zero-tariff on Malaysian palm oil. MPOC noted that it is clear from this detailed expert report that all domestic and international companies supplying the UK market can now have full confidence in MSPO as a genuine verification tool for the UK market.“The next step should be for formal recognition by the UK government of MSPO as a tool for compliance with the UK due diligence and associated regulations.
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