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