Malaysia’s trade spat with India over palm oil will not be prolonged, says economic affairs minister | Malaysia

A worker shows palm oil fruits at a factory in Sepang November 20, 2014. — AFP pic
A worker shows palm oil fruits at a factory in Sepang November 20, 2014. — AFP pic

KUALA LUMPUR, Oct 30 — A Malaysian minister today said a boycott of the country’s palm oil by Indian traders will likely not be prolonged as there were not enough supplies from top producer Indonesia to cover the shortfall.

Indian traders have been told to stop buying palm oil from Malaysia, the second biggest exporter of the commodity, after remarks by Prime Minister Tun Dr Mahathir Mohamad on Kashmir sparked anger in New Delhi.

Dr Mahathir told the UN General Assembly late last month that India had “invaded and occupied” Kashmir, a disputed Muslim-majority region also claimed by Pakistan.

The boycott of Malaysian palm oil was likely temporary as supplies from Indonesia alone were not enough to meet demand in India, Malaysia’s Economic Affairs Minister, Datuk Seri Azmin Ali, said.

“We are confident that very soon, we will be able to resolve this matter effectively,” Azmin told Parliament today.

Azmin also defended Dr Mahathir’s remarks, saying that Malaysia should be free to voice its opinions on international issues.

Dr Mahathir has said he will not retract his comments despite the palm oil boycott.

India revoked the status of its Jammu and Kashmir state in August and today moved to split the state into two territories.

New Delhi has rejected criticism from foreign countries on its actions in the region, insisting it was an internal affair. — Reuters

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *