Malaysia to address palm oil concerns in EU trade negotiations

The Malaysia-European Union (EU) Trade Agreement (MTA) discussions have resumed, with palm oil expected to be a key issue in the talks, Investment, Trade and Industry (MITI) Minister Tengku Datuk Seri Zafrul Abdul Aziz confirms.

He acknowledged that the commodity remains a point of contention but assured that Malaysia has implemented sustainability standards to meet international requirements.

“We recognise that sustainability concerns regarding palm oil will be a discussion point in the negotiations. However, Malaysia has standards in place to comply with sustainability requirements, and we will ensure that these are recognised,” he said at MITI’s 2024 report card and 2025 outlook briefing with the press today.

Tengku Zafrul also emphasised that Malaysia is pushing for a fair and balanced trade agreement that does not unfairly disadvantage the country’s palm oil industry.

He stressed the importance of ensuring that any trade deal benefits Malaysia and the EU while recognising Malaysia’s commitments to sustainable palm oil production.

Tags: Sustainability, EU, trade, Production, Malaysia, palm oil, agreement