EU risks 'trade war' with Malaysia over palm oil: PM Mahathir Mohamad
2019-03-29 06:30:49 source：The Straits Times
March 28, 2019
LANGKAWI (REUTERS) - The European Union risks opening up a trade war with Malaysia over its "grossly unfair" policies aimed at reducing the use of palm oil, Prime Minister Mahathir Mohamad said on Thursday (March 28).
This month, the European Commission concluded that palm oil cultivation results in excessive deforestation and its use in transport fuel should be phased out by 2030.
Malaysia, the world's second biggest palm oil producer after Indonesia, relies on the crop for billions of dollars in foreign exchange earnings and hundreds of thousands of jobs.
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