By Martin Gøttske
Malaysia and Indonesia plan to raise the prospect of EU curbs on the imports of palm oil with the WTO. A resolution by the European Parliament in April called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are produced in an unsustainable way leading to deforestation. The resolution includes palm oil, an important commodity for Indonesia and Malaysia, which produce nearly 90 per cent of the world’s palm oil.
The two countries are trying to coordinate their response. In 2016, Malaysia accounted for 29.4 per cent of the EU’s total palm oil imports, while Indonesia made up 48.6 per cent.
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