If Malaysia fails to acquire “low risk” status, engagement sessions will be conducted with all industries that export agricommodity products to Europe, Plantation and Commodities Ministry said. — Reuters
PETALING JAYA: Malaysia has contingency plans in place to remain competitive in European markets as it works to avoid being classified as a “standard risk” country under the European Union’s (EU) new deforestation rules, the Plantation and Commodities Ministry says.
If Malaysia fails to acquire “low risk” status, engagement sessions will be conducted with all industries that export agricommodity products to Europe to ensure they comply with EU requirements, the Ministry said in a parliamentary reply.
