LONDON, June 3 ― Deputy Prime Minister Datuk Seri Fadillah Yusof’s official visit to the United Kingdom (UK) ended on a high note as policymakers here have given their...
LONDON, June 3 ― Deputy Prime Minister Datuk Seri Fadillah Yusof’s official visit to the United Kingdom ended on a high note as policymakers here have given their commitment to recognise the Malaysian Sustainable Palm Oil certification in the due diligence guidelines for ensuring that commodities entering the country are sustainable.
Their statement is good news for Malaysia, said Fadillah, who is also the plantation and commodities minister. Bilateral trade between the two countries exceeded US$7.3 billion in 2022, with the UK recording a trade surplus of some US$786 million. As for the European Union , he said although Malaysia and Indonesia’s joint mission to convey concerns over and objection to the newly legislated EU Deforestation Regulation is a success, challenges with the bloc remains.
During the meetings, the Jakarta and Putrajaya leaders highlighted the impacts of the EU’s supply chain law and consistently emphasised the need for the EU to engage with the producing countries at the working and technical levels.The feedback has been positive as the EU is open to engagement, while the CPOPC has proposed a task force involving all stakeholders.
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