EU deforestation rules seen as discrimination towards Malaysia’s palm oil business

The European Union Deforestation-free Regulation (EUDR) and different related regulations have been criticised for discriminating against Malaysia’s palm oil industry. Deputy Prime Minister Fadillah Yusof claims that these rules, together with the European Green Deal, aim to restrict the entry of Malaysian merchandise into the European market. He argues that Malaysia’s palm oil business is more productive and progressive compared to European counterparts similar to soy oil production.
Fadillah explained that European soy oil cultivation requires bigger land areas for manufacturing and involves disposing of the produce and replanting for outcomes. In contrast, Malaysian palm bushes can produce oil for as much as 25 years, leading to lower prices. He means that Europe has launched these rules to make Malaysian business costs dearer and keep competitiveness.
Monetize , who can additionally be the Plantation and Commodities Minister, stated that he had mentioned this concern along with his Indonesian counterpart, as the discriminatory follow would also impact Indonesia’s oil palm industry. They agreed that Indonesia, as the present ASEAN chairman, should bring the matter to the level of ASEAN dialogue..

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