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.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
Preslav Raykov, Eleen Marine Group, Bulgaria – Speaker at BLACK SEA OIL TRADE-2025
John Deere’s third-quarter profit fell by a quarter
Export prices for barley in Ukraine are rising amid low supply
Rain forecasts in Ivory Coast put pressure on cocoa prices
Russia has returned to systematic supplies of stolen Ukrainian grain to Syria
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon