Malaysia says it could stop palm oil exports to EU after new curbs - BusinessWorld Online

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Malaysia says it could stop palm oil exports to EU after new curbs - BusinessWorld Online
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Malaysia said onThursday it could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting forests by strictly regulating sale of the product.

CRAIG MOREY/FLICKR/CC BY-SA 2.0

The EU is a major palm oil importer and the law, agreed to in December, has raised an outcry from Indonesia and Malaysia, the top producers. Environmental activists blame the palm oil industry for rampant clearing of Southeast Asian rainforests, though Indonesia and Malaysia have created sustainability certification standards mandatory for all plantations.

Responding to Mr. Fadillah, the EU’s ambassador to Malaysia said it was not banning any imports of palm oil from the country and denied that its deforestation law created barriers to Malaysian exports.

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