BRUSSELS, May 29 — The government will fight against any discriminatory trade practices against Malaysia’s agricommodity sector, says Deputy Prime Minister and Plantation...
BRUSSELS, May 29 — The government will fight against any discriminatory trade practices against Malaysia’s agricommodity sector, says Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof.
Fadillah pointed out that the implementation of the regulation, announced by the EU on December 6, 2022, is based on unsound reasoning and has a weak scientific basis.“It places additional burdens on Malaysian palm oil exporters to the EU market, specifically on the additional traceability requirements and data that must be provided to end-customers based in the EU,” he said.Fadillah said Malaysia values the EU as one of its important trading and investment partners.
“I want to reiterate that come what may, Malaysia will continue the battle to promote the positive image of Malaysian agricommodity products and prove what we can do best in adhering to sustainable production and consumption,” he said.
Therefore, he said, there is no need to add further costs and burdens to the industry, particularly to the smallholders, which will negatively impact their welfare and livelihood.The agricommodity sector has not only become a poverty elevation tool but also plays a significant contribution in reviving the Malaysian economy back on track post-Covid-19 pandemic, he said.
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