Rafidah allays palm oil fears

  • Business
  • Thursday, 13 Nov 2003

INTERNATIONAL Trade and Industry Minister Datuk Seri Rafidah Aziz said yesterday that countries should not base their bilateral relationships on contracts given to their companies. 

Commenting on reports of possible retaliation by India and China after Malaysia's RM14.5bil railway double-tracking project was awarded to a local consortium in place of an Indian and a Chinese company, Rafidah said:  

“We shouldn't pre-empt whatever it is as retaliation. I'm sure that they (India and China) wouldn't want to stop buying (Malaysian palm oil) simply because their companies did not get the (railway double-tracking) contract.  

“That's not the way economic relationships evolve between countries.” 

The reports had suggested that any retaliatory move by India and China might not be direct, but could come in the form of making it difficult for Malaysia to export its palm oil to the two countries.  

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