Indonesia president calls for collaboration with Malaysia to fight 'discrimination' against palm oil


KUALA LUMPUR: Indonesia president Joko Widodo on Thursday called for better collaboration with neighbouring Malaysia to fight what he called "discrimination" against their countries' palm oil products.

Indonesian and Malaysia are the world's top two producers and exporters of palm oil, a commodity used in everything from lipstick to pizza.

"We need to strengthen this collaboration. We don't want commodities produced by Malaysia and Indonesia to be discriminated against in other countries," Jokowi, as the Indonesian president is known, said in a press conference in Kuala Lumpur after meeting with Malaysian Prime Minister Datuk Seri Anwar Ibrahim.

His comments come after the European Union passed a law this year banning imports of commodities linked to deforestation, a move that is expected to hurt exports of palm oil to the bloc.

Malaysia has called the law "unjust" and has said it is working with Indonesia to consider an appropriate response to the law. - Reuters

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Mavcom approves 57 ATR applications in 2Q
Bursa-listed LGMS penetrates Cambodian banking cybersecurity market
SC calls on younger generation to participate in capital market
Ni Hsin proposes fundraising via issuance of utility tokens
FBM KLCI erases earlier losses in muted trading
Yinson Production secures US$230mil financing in relation to FPSO Maria Quiteria
China chipmaker Hua Hong posts modest gains in Shanghai debut
Ringgit opens on a positive note vs greenback
Foreign net inflows to Bursa moderate to RM130.5mil
Investors expected to turn cautious ahead of state elections

Others Also Read