Jet stream is moving Europe far away from South East Asia
On the eve of the largest defence and maritime exhibition show in the Asia Pacific region, Malaysia’s Prime Minister, Dr. Mahathir Mohamad, signaled to Europe’s leaders, foreign policy officials, and the defence and security establishment, that as a result of the European Commission’s black campaign against Palm Oil, Malaysia is now actively considering purchasing new fighter jets from China rather than European arms companies.
This would be a significant blow to France’s Rafale and the Eurofighter Typhoon jets and could reverberate beyond to other defence-related companies doing business in Malaysia.
Indonesia’s Trade Minister Enggartiasto Lukita announced that Indonesia was preparing to take the European Union to the WTO over the imposition of the Delegated Act should the Council of the EU confirm it. And this week, Indonesian Trade Ministry representative, Oke Nurwan, has encouraged Indonesian companies to undertake litigation to combat the EU’s de facto ban on Palm Oil.
Sadly, the EU doesn’t get it. This week, the EU Ambassador to Indonesia Vincent Guérend was in full sales mode when he stated, “all vegetable oils are treated equally” under the Delegated Act. That’s fake news. Palm Oil has been singled out and labelled a ‘High Risk’ biofuel despite its impressive yields, lowest environmental footprint and lower land area usage whereas soya, a driver of deforestation, is considered sustainable by the EU.