Malaysia's palm oil sector to benefit from UK's CPTPP entry - analysts

KUALA LUMPUR: Malaysia's palm oil industry will be one of the sectors to benefit from the United Kingdom’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an analyst said.

SPI Asset Management managing partner Stephen Innes said Malaysia has successfully sought Britain to cut its palm oil tariffs - currently ranging up to 12 per cent to nil - immediately on entering the pact; this should drive more exports to the UK.