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Malaysia looks to Pakistan after Indian palm oil controls

Discussion in 'Strategic & Foreign Affairs' started by Imran Khan, Jan 14, 2020.

  1. Imran Khan

    Imran Khan PDF VETERAN

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    Malaysia looks to Pakistan after Indian palm oil controls
    [​IMG]
    Malaysia may expand its palm oil trade with Pakistan following controls imposed by the Indian government on refined palm oil imports. (Shutterstock)
    Short Url
    https://arab.news/542av

    Updated 13 January 2020
    Nor Arlene Tan
    January 13, 2020 02:28
    65342





    • India is world’s biggest palm oil importer and in 2018 imported $5.1 billion worth
    • Palm oil restrictions are seen as New Delhi retaliation following Malaysian criticism
    KUALA LUMPUR: Malaysia may expand its palm oil trade with Pakistan following controls imposed by the Indian government on refined palm oil imports.
    “Pakistan is one of Malaysia’s most regular and dependable buyers of local palm oil and products,” Malaysian Primary Industries Minister Teresa Kok said on Sunday.
    Kok met Pakistan’s Adviser for Commerce, Textiles, Industry and Production and Investment Abdul Razak Dawood on an official visit to Pakistan.
    “In 2018, Pakistan imported 1.16 million metric tons of palm oil from Malaysia valued at RM2.97 billion ($730 million). Avenues were discussed to further expand Malaysian palm oil share in this growing market,” said a statement by the Ministry of Primary Industries in Malaysia on Sunday following the minister’s visit.
    India’s Directorate General of Foreign Trade (DGFT) last week announced restrictions on the import of refined palm oil and palm olein, a liquid form of palm oil. Importers will now be required to apply for licenses.
    Indian media reported that while the announcement was “not country-specific, but product-specific,” Indian Prime Minister Narendra Modi’s government had “informally” requested palm oil refiners and traders forgo Malaysian palm oil.
    India is the world’s biggest palm oil importer and in 2018 imported $3.8 billion worth of palm oil from Indonesia, and $1.3 billion from Malaysia. The two Southeast Asian countries are the world’s main producers in the palm oil industry.
    The Indian import controls came after remarks by Malaysian Prime Minister regarding India’s actions on Kashmir and the new citizenship law last year.
    A Malaysian political analyst from the Singapore Institute of International Affairs, Dr. Oh Ei Sun, said that the restriction “doesn’t help to improve bilateral relations” and is seen as New Delhi’s retaliation to a series of remarks made by Malaysian Prime Minister Mahathir Mohamad regarding India’s widely criticized citizenship laws and Kashmir lockdown.
    “We speak out our minds and we don’t retract and change,” said the 94-year old leader at a press event in October regarding his UN speech last year calling for a UN resolution on the Jammu and Kashmir conflicts.
    He also spoke out against the new citizenship legislation last year during the KL Summit in December, claiming that the new law would “deprive some Muslims of their citizenship.”
    Mahathir’s decision to allow controversial Indian preacher Zakir Naik to remain in Malaysia also upset Modi.
    “As India is a major buyer of Malaysian refined palm oil, palm oil refining industry will, of course, be significantly affected,” Dr. Oh said, adding that it remains to be seen if the broader crude palm oil-producing industry will be affected.


    https://www.arabnews.com/node/1612166/business-economy
     
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  2. Rusty

    Rusty ELITE MEMBER

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    Good.
    Win over like minded countries with trade!
     
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  3. HRK

    HRK PDF THINK TANK: CONSULTANT

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    we should facilitate the Malaysian Trade and business in Pakistan
     
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  4. Adonis

    Adonis FULL MEMBER

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    We should...How? .. Had money not been an exchanging medium...surely we would have.
     
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  5. FuturePAF

    FuturePAF SENIOR MEMBER

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    Perhaps Qatar and Turkey can import (for their own needs) and re-export the rest onwards. They have deeper pockets then Pakistan. Pakistan should try its best to import all it can bear as well.
     
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  6. Zapper

    Zapper FULL MEMBER

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  7. Pakistan Space Agency

    Pakistan Space Agency SENIOR MEMBER

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    Whatever imports India makes from Indonesia at the expense of Malaysia, Pakistan should try and decrease the imports from Indonesia and increase imports from Malaysia. Win-win for both brotherly nations Indonesia and Malaysia.

    Separately, I wonder if India's 35% indigenous LCA Flying Rickshaw is now out of the competition.
     
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  8. Ahmet Pasha

    Ahmet Pasha SENIOR MEMBER

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    *CJ voice* A shit here we go again......
    imran-khan-giphy.gif
     
  9. HRK

    HRK PDF THINK TANK: CONSULTANT

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    many sectors in Pakistan have potential like telecommunication, FMCG sector, Automobile etc ... so we should try to remove if there is any practical or regulatory hurdle in trade with Malaysia .... in short we would not have to purchase additional items for which we may require additional dollar amount but we can facilitate Malaysian business by shifting some of our with in existing imports from other countries towards Malaysia .... little adjustments now could win us many opportunity in east asian market region in future.

    BTW something is already in consideration : Malaysia, Pakistan propose greater cooperation to improve trade in palm oil, other commodities
     
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  10. Alternatiiv

    Alternatiiv SENIOR MEMBER

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    Palm oil is a need based import for India. If they decrease the import, it will only bite Modi in the butt because then they will have to import from elsewhere for times more price, this will increase prices for public who are already poor af.
     
  11. fitpOsitive

    fitpOsitive SENIOR MEMBER

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    Setup factories for processing and making products. We will see how long India can withstand with their decision.
     
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  12. Chhatrapati

    Chhatrapati ELITE MEMBER

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    As long as we have other suppliers like Indonesia.

    Palm oil is not a rare gem that's only found in Malaysia, they only recently started supplying more Palm oil to India after the former PM Najib had an agreement with India to increase trade between the two. It used to be Indonesia who was the major supplier. People don't eat Palm oil everyday to live so any price hike in it will not directly hit the public.
     
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  13. fitpOsitive

    fitpOsitive SENIOR MEMBER

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    Malaysia is anyway out of your friends list.
     
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  14. Chhatrapati

    Chhatrapati ELITE MEMBER

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    Don't care. We don't have a best friend and worst enemy list. Indian policy revolves around India's national interest and not brotherhood nations.
     
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  15. newb3e

    newb3e ELITE MEMBER

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    yabbaaa dabbbaadooooooo!!!!!