by Asila Jalil
PUTRAJAYA: Malaysia may stop exporting palm oil to the European Union (EU) if the bloc continues to escalate its negative palm oil campaign.
Plantation and Commodities minister Datuk Seri Fadillah Yusof said this in light of the EU’s new deforestation regulation, which is aimed at preventing companies from placing commodities linked to such activities in the EU market.
Among the commodities affected were palm oil, soya, timber, rubber and cocoa.
The minister said Malaysia had complied with aspects concerning sustainability and the environment with regulations to ensure its palm oil industry adheres to international safety standards.
“We need to engage with experts from overseas and look at this issue from all angles to counter whatever move that the EU may make.
“The other option we have is just to stop exporting to Europe and focus on other countries,” he said in a press conference.