Always known as a fiercely non-aligned leader, Malaysia’s Prime Minister has changed his tune on the Belt and Road.
Malaysian minister warned that Malaysia would adopt retaliatory measures to penalise European products if the ban goes ahead as planned. Furthermore, the ASEAN will not sign a partnership agreement with the EU unless palm oil is allowed again.
Malaysia has signed the Asean Trade in Services Agreement (ATISA) and the Fourth Protocol to Amend the Asean Comprehensive Investment Agreement (ACIA).
Bilateral trade between Turkey and Malaysia can be increased through expanding the scope of the FTA which is currently under the review of the two governments.
Bangladesh will resume the long-stalled negotiation on free trade pact with Malaysia soon to pave the way for a greater trade and investment opportunities for both countries.
Malaysia may continue to suspend FTA talks with the EU and EFTA until the issue of unfair and discriminatory practices against palm oil is resolved.
The leaders of Indonesia and Malaysia sent a letter of objection to the European Union criticizing its decision to no longer consider palm oil as a green fuel and threatening the bloc’s ties with the countries.
Malaysia needs more time to decide whether it will ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
From threats to cancel UK defence deals to pledges to stop imports of Norwegian salmon, European moves to restrict palm oil have enraged Malaysia and Indonesia.
South Korean Trade Minister said that the South Korean government would conclude free trade agreements (FTAs) with Indonesia, Malaysia and the Philippines in the near future.
Malaysian government hopes India would lower the import tariff for palm oil products further after concluding negotiations on the RCEP, a move that could increase demand for the commodity.
South Korea and Malaysia leaders agreed to get started on negotiating a bilateral free trade agreement, aiming to strike the deal within this year.
Malaysian Minister said the level of trade liberalisation under the proposed RCEP is still being extensively deliberated among participating countries.
Malaysian palm oil producers urge the government to reject the revival talks of free trade agreement with the European Union (EU) in view of its move to boycott palm biodiesel.
RCEP negotiations must not include obligation to join or implement UPOV systems and in anyway undermine farmers’ rights
Malaysian Minister of International Trade and Industry (MITI) Datuk Darell Leiking is hopeful that the ongoing negotiations on the RCEP will be concluded by the end of the year.
The Malaysian government required the deferment of upgrade relations with the EU due to ongoing trade dispute over palm oil, where the EU has been moving to ban the use of palm oil in biofuels.
Swiss Economics Minister has re-started negotiations with Malaysia over a proposed FTA. Talks had previously broken down over the contentious topic of palm oil.
Malaysia will not be pressured into ratifying a 11-nation Asia-Pacific trade deal, as trade minister raised the prospect of holding out for bilateral tariff pacts instead.
Malaysia punched above its weight at last week’s Asean Summit, where key decisions on the RCEP trade deal were postponed because many issues were unresolved.