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No blanket EU trade ban, says Mustapa


  • Economy
  • Friday, 9 Feb 2018

International Trade and Industry Minister, Datuk Seri Mustapa Mohamed said on Friday a total ban would be complicated as many European companies were present in Malaysia and vice versa.

International Trade and Industry Minister, Datuk Seri Mustapa Mohamed said on Friday a total ban would be complicated as many European companies were present in Malaysia and vice versa.

KUALA LUMPUR: As Malaysia is an open economy, the government cannot impose a blanket ban on trade with the European Union (EU), but it can collaborate with government-linked companies to determine where to buy and sell goods amid the economic bloc's threat to palm oil, said International Trade and Industry Minister, Datuk Seri Mustapa Mohamed.

He said on Friday a total ban would be complicated as many European companies were present in Malaysia and vice versa.

Economy

   

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