Following a Cabinet-level decision chaired by the Prime Minister of Malaysia, Datuk Seri Najib Razak, the Malaysian Government has decided to review trade with the European Union should the Council of the EU approve the ban on Palm Oil biofuels.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi stated: “During last week cabinet meeting which was chaired by the Prime Minister Datuk Seri Najib Razak, the government decided that it will review the purchase of products with any countries that banned palm oil.” Read the full comments from the Deputy Prime Minister here.
The announcement of the Cabinet-decision was followed by yet another signal to Europe’s power brokers when Defence Minister Datuk Seri Hishammuddin Hussein made it clear he would raise the proposed ban on Palm Oil biofuels with his French counterpart, Florence Parly, when they meet today in Kuala Lumpur.
These comments come in the wake of a massive street protest in Kuala Lumpur where 300,000 petitions were delivered to the EU by Malaysia’s small farmers. Recently, the Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong, stated at the time Malaysia was readying itself to retaliate, if necessary. “If these hate campaigns and discriminatory policy against palm oil were to go on, we can also retaliate. Malaysia, Indonesia and Thailand are collectively big purchasers of EU products.”