Malaysia engaging stakeholders in India over import curbs, says Kok

Latest reports say New Delhi also wants to curtail purchases of petroleum, liquefied natural gas and computer parts. FMTNews TeresaKok MPOB CPO

Primary Industries Minister Teresa Kok says she is in touch with the Indian high commissioner in Malaysia.

Earlier today, Reuters, quoting unnamed officials, reported that India was planning to widen its restrictions on imports from Malaysia to include petroleum, liquefied natural gas and computer parts after restricting the import of refined palm oil. Meanwhile, Malaysian Palm Oil Board director-general Ahmad Parveez Ghulam Kadir said they were forecasting lower exports to India because Malaysia no longer enjoyed the 5% duty advantage for refined palm oil under the Malaysia-India Comprehensive Economic Cooperation Agreement .

He predicted that export revenue from palm oil products would increase by 21% to RM78 billion this year from RM64.45 billion last year due to firmer crude palm oil prices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India bakal sekat lebih banyak import Malaysia, kata laporan | The Malaysian InsightIa mungkin sebagai tindak balas perdagangan pertama oleh India terhadap pendirian politik negara.
Read more »

Kadir gesa ambil tindakan laporan India sekat minyak sawit MalaysiaWartawan veteran itu menggesa kerajaan mempertimbangkan pendiriannya ke atas pekerja, ekspatriat dan produk dari India susulan laporan New Delhi mengehadkan pengimportan minyak sawit dari Malaysia. FMTNews Sawit
Read more »

Yoursay: M’sians stand to lose more in tit-for-tat with IndiaYOURSAY | ‘It will not be to our favour as we are simply too dependent on bigger nations...’
Read more »

India trade body wants cap on refined palm oil importsMUMBAI: India should cap imports of refined palm oil and palm olein at a maximum 50,000 tonnes per month to boost local refining capacity and support ...
Read more »

India to restrict more Malaysian imports, says report | The Malaysian InsightThe Times of India says move, following curb on palm oil, may be first trade retaliation by New Delhi against a nation’s political stance.
Read more »