Putrajaya to fight discrimination against its agricommodity sector
Deputy Prime Minister Fadillah Yusof says Malaysia will show the world its strong position, commitment and initiatives to ensure its agricommodity sector prioritises sustainability. – Facebook pic, May 29, 2023.
“Some aspects of the risk assessment process of the regulation are counter-productive to commitments to curb global deforestation, and run the risk of disincentivising producing countries,” he said at the luncheon with Malaysian diaspora in Brussels today. Such a unilateral initiative, he said, is detrimental to free and fair trade, could adversely impact the global supply chain, and lead to higher food prices and reduced output at a time of record global inflation.Fadillah said the debates within the EU over palm oil and biofuel sustainability reflect a lack of knowledge on the issue, and that Putrajaya is concerned the bloc is being driven by an overly political agenda.
There is no need to add further cost and burden to the industry, particularly to smallholders, negatively impacting their welfare and livelihoods, he said.The agricommodity sector has not only become a poverty alleviation tool, but plays a significant role in reviving Malaysia’s economy post-Covid-19, Fadillah said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wei Chong-Kai Wun also enter Malaysian Masters final | The Malaysian InsightThey beat Indonesia’s Leo Rolly Carnando-Daniel Marthin 21-17, 22-20.
Read more »
PM announces RM5 million allocation for Malaysian Youth Council | The Malaysian InsightAnwar urges the nation’s youth to have confidence, reject corruption and be respectful to one another.
Read more »
Wei Chong-Kai Wun turut tempah slot ke final untuk Malaysia | The Malaysian InsightKata Kai Wun, kemenangan Pearly-Thinaah sebelum itu memberi inspirasi kepada mereka untuk turut sama melakar kejayaan.
Read more »
Erdogan pays homage to Islamic idol on eve of Turkey vote | The Malaysian InsightErdogan pays homage to Islamic idol on eve of Turkey vote
Read more »
Tiada kompromi dengan pihak mainkan isu kaum dan agama, kata Zahid | The Malaysian InsightTimbalan perdana menteri berkata kerajaan akan terus menunjangi soal berkaitan Islam dan bangsa Melayu tanpa ketepi agama serta bangsa lain.
Read more »