Malaysia in talks with Pakistan, others to barter arms with palm oil

[Myth_buster_1]

Not a plane, but more R&D and universities and industrial set ups.

okay

 

[doorstar]

Isn’t some food made with palm oil? May be a silly question, but I am unfamiliar with it.

google is your best friend Mr. Think Tank analyst
https://www.google.co.uk/search?client=firefox&q=list+of+palm+oil+prducts

"The following products are just some of the products likely to contain palm oil:

• Bread
• Crisps
• Soap
• Ice Cream
• Shampoo
• Chocolate
• Biscuits
• Make Up
• Non-dairy substitutes
• Cooking Oil
• Margarine
• Cleaning Detergent"

 

[KAL-EL]

google is your best friend Mr. Think Tank analyst
https://www.google.co.uk/search?client=firefox&q=list+of+palm+oil+prducts

"The following products are just some of the products likely to contain palm oil:

• Bread
• Crisps
• Soap
• Ice Cream
• Shampoo
• Chocolate
• Biscuits
• Make Up
• Non-dairy substitutes
• Cooking Oil
• Margarine
• Cleaning Detergent"

I’m aware Google is my friend, I just didn’t think to Google. Nonetheless, thank you for your examples and may the force be with you

 

[doorstar]

it also helps if you read the post you are replying to or are asking questions about!

palm oil, much of which is used in food but also in items such as lipstick and soap.

No Google is my friend, I just forgot to Google. Nonetheless, thank you for your examples and may the force be with you

and with you too, obi von kanobi

 

[Pakhtoon yum]

I’m aware Google is my friend, I just didn’t think to Google. Nonetheless, thank you for your examples and may the force be with you

Its oil, just like the rest but this comes from the palm....

 

[Meliodas]

Source

Malaysia in talks with Pakistan, others to barter arms with palm oil
By Reuters
Published: August 26, 2019

File photo of International Defence Exhibition and seminar (IDEAS) in Karachi.

KUALA LUMPUR:
Malaysia is in talks with at least six countries, including Pakistan, on the possibility of using palm oil to pay for arms, as Southeast Asia’s third-biggest economy seeks to replace old equipment to boost its defence capabilities.

Malaysia has struggled to update its defence equipment over the years and a cut in its defence budget this year all but derailed efforts to replace navy ships, some of which have been in service for 35 years or more.

Costs have been a big hurdle but using palm oil to help pay for equipment could open new avenues to upgrade, Defence Minister Mohamad Sabu said on Monday.

Mohamad said discussions on paying with palm oil had started with China, Russia, India, Pakistan, Turkey and Iran.

“If they are prepared to accept a palm barter trade, we are very willing to go in that direction,” Mohamad told Reuters in an interview.

“We have a lot of palm oil.”

Malaysia and Indonesia, the world’s two largest palm oil producers, are embroiled in a dispute with the European Union over a plan to phase out the commodity from renewable fuels used by the bloc by 2030 over deforestation concerns.

The two countries supply about 85% of global palm oil, much of which is used in food but also in items such as lipstick and soap.

Mohamad said he could not put a figure on how much palm oil Malaysia was looking to trade for defence equipment.

Besides new ships, Malaysia was also keen to acquire long-range surveillance aircraft, unmanned aerial vehicles and fast intercept boats, the minister said.

Why is she so keen on updating her arsenal, is there some imminent threat.

On the swap side pak imports a lot of palm oil and as a result major $ goes in to buy it, so a sensible offset should be calculated to see the benefit. On the selling side I don't see anything particular that we can sell them and yes dumping may well be a factor

 

[maithil]

They are planning to buy even Combat aircrafts for their Airforce with Palm Oil. China should offer FC-1 to Malaysia.

 

[Manidabest]

if the news is good then let me say its good for pakistan

 

[kris]

Why is she so keen on updating her arsenal, is there some imminent threat.

On the swap side pak imports a lot of palm oil and as a result major $ goes in to buy it, so a sensible offset should be calculated to see the benefit. On the selling side I don't see anything particular that we can sell them and yes dumping may well be a factor

I don't think pak imports to such scale of what Malaysia wants

 

[Zulfiqar]

I don't think pak imports to such scale of what Malaysia wants

We import a lot of palm oil (USD 1.66 B in 2019,USD 1.9 B in 2018 which is more than 3% of our declared imports).

I know four business families in one area alone with collective palm oil imports of over 250 M$.

Palm oil is used in edible oil business and we also export oil/ghee to afghanistan (legally/illegally) via our northern factories.


Our arms export to them are not that high ( unless we get the contract for JF-17). A swap transaction is possible.

http://www.sbp.org.pk/ecodata/Import_Payments_by_Commodity.pdf

We need to replace some of the local crops (in some places) and plant edible oil seeds in order to reduce our import bill.

Coming to our import statistics.

Our tea import is high. Who the hell drinks 500 M $ worth of tea.

 

[mejikuhibiu]

Its nothing wrong with that..just win win solution for a country who need arms and country who need comodity

 

[lcloo]

Two squadrons of JF-17 in exchange for palm oil, interested?

 

[HRK]

Two squadrons of JF-17 in exchange for palm oil, interested?

offer does not appear bad as our per year import of palm oil is almost $1.5 billion so this deal can be a support to our Foreign reserve as well