Malaysia and Indonesia may take EU plan to curb palm oil imports to WTO

According to Subur Tiasa senior independent director Ngu Ying Ping the company may seek a renewal of the oil palm plantation licence to expand the oil palm plantation operation or venture into plantation of trees that would complement its timber operation.

KUALA LUMPUR: Malaysia and Indonesia plan to raise the prospect of European Union (EU) curbs on the imports of palm oil with the World Trade Organisation (WTO), both countries said in a joint statement yesterday.

A resolution by the European Parliament in April called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are produced in an unsustainable way leading to deforestation.